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SOURCEPOINTEHR, LLC RETIREMENT PLAN 401k Plan overview

Plan NameSOURCEPOINTEHR, LLC RETIREMENT PLAN
Plan identification number 001

SOURCEPOINTEHR, LLC RETIREMENT 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:SOURCEPOINTEHR, LLC
Employer identification number (EIN):263800519
NAIC Classification:522190
NAIC Description:Other Depository Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOURCEPOINTEHR, LLC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01PAMELA WASHINGTON2023-05-09
0012021-01-01PAMELA WASHINGTON2022-05-23
0012020-01-01PAMELA WASHINGTON2021-05-25
0012019-01-01PAMELA WASHINGTON2020-08-28
0012018-01-01PAMELA WASHINGTON2019-08-23
0012017-01-01PAMELA WASHINGTON2018-09-20
0012016-01-01PAMELA WASHINGTON2017-09-19
0012015-01-01PAMELA WASHINGTON2016-09-16
0012014-01-01PAMELA WASHINGTON
0012014-01-01PAMELA WASHINGTON
0012014-01-01PAMELA WASHINGTON2016-09-23
0012014-01-01SOURCEPOINTEHR, LLC RETIREMENT PLAN2015-10-30
0012013-01-01SOURCEPOINTEHR, LLC RETIREMENT PLAN2015-10-30
0012012-01-01PAMELA WASHINGTON2013-07-18
0012011-01-01PAMELA WASHINGTON2012-07-17

Plan Statistics for SOURCEPOINTEHR, LLC RETIREMENT PLAN

401k plan membership statisitcs for SOURCEPOINTEHR, LLC RETIREMENT PLAN

Measure Date Value
2014: SOURCEPOINTEHR, LLC RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01132
Total number of active participants reported on line 7a of the Form 55002014-01-01104
Number of other retired or separated participants entitled to future benefits2014-01-0128
Total of all active and inactive participants2014-01-01132
Total participants2014-01-01132
Number of participants with account balances2014-01-0184

Financial Data on SOURCEPOINTEHR, LLC RETIREMENT PLAN

Measure Date Value
2014 : SOURCEPOINTEHR, LLC RETIREMENT PLAN 2014 401k financial data
Total transfer of assets to this plan2014-12-31$18,611
Total income from all sources (including contributions)2014-12-31$405,880
Total of all expenses incurred2014-12-31$478,385
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$458,467
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$331,365
Value of total assets at end of year2014-12-31$1,158,748
Value of total assets at beginning of year2014-12-31$1,212,642
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$19,918
Total interest from all sources2014-12-31$2,352
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31No
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$141,883
Participant contributions at end of year2014-12-31$47,811
Participant contributions at beginning of year2014-12-31$69,664
Other income not declared elsewhere2014-12-31$2,902
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-72,505
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,158,748
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,212,642
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in pooled separate accounts at end of year2014-12-31$975,422
Value of interest in pooled separate accounts at beginning of year2014-12-31$958,809
Interest on participant loans2014-12-31$2,352
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$135,515
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$184,169
Net investment gain/loss from pooled separate accounts2014-12-31$69,261
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$189,482
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$458,467
Contract administrator fees2014-12-31$19,918
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31N/A
Accountancy firm EIN2014-12-31999999999

Form 5500 Responses for SOURCEPOINTEHR, LLC RETIREMENT PLAN

2014: SOURCEPOINTEHR, LLC RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entityMulitple employer plan
2014-01-01Submission has been amendedYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932252
Policy instance 1
Insurance contract or identification number932252
Number of Individuals Covered84
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $4,772
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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