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VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameVARTEK SERVICES INC RETIREMENT SAVINGS PLAN
Plan identification number 001

VARTEK SERVICES INC RETIREMENT SAVINGS 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

VARTEK SERVICES INC has sponsored the creation of one or more 401k plans.

Company Name:VARTEK SERVICES INC
Employer identification number (EIN):311317613
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VARTEK SERVICES INC RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01DARLENE WAITE2015-07-10
0012013-01-01DARLENE WAITE
0012012-01-01ANTHONY WHITT ANTHONY WHITT2013-10-15
0012011-01-01BABETTE PHILLIPS2012-07-03
0012010-01-01BABETTE PHILLIPS2011-07-26

Plan Statistics for VARTEK SERVICES INC RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for VARTEK SERVICES INC RETIREMENT SAVINGS PLAN

Measure Date Value
2013: VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0148
Total number of active participants reported on line 7a of the Form 55002013-01-0151
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-016
Total of all active and inactive participants2013-01-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0157
Number of participants with account balances2013-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0146
Total number of active participants reported on line 7a of the Form 55002012-01-0144
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0148
Number of participants with account balances2012-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on VARTEK SERVICES INC RETIREMENT SAVINGS PLAN

Measure Date Value
2013 : VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 2013 401k financial data
Total income from all sources2013-12-31$138,875
Expenses. Total of all expenses incurred2013-12-31$83,314
Benefits paid (including direct rollovers)2013-12-31$80,037
Total plan assets at end of year2013-12-31$361,464
Total plan assets at beginning of year2013-12-31$305,903
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$83,908
Contributions received from other sources (not participants or employers)2013-12-31$7,986
Other income received2013-12-31$46,981
Net income (gross income less expenses)2013-12-31$55,561
Net plan assets at end of year (total assets less liabilities)2013-12-31$361,464
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$305,903
Assets. Value of participant loans2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$0
Value of corrective distributions2013-12-31$2,610
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$667
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-31$99,861
Expenses. Total of all expenses incurred2012-12-31$292,041
Benefits paid (including direct rollovers)2012-12-31$291,701
Total plan assets at end of year2012-12-31$305,903
Total plan assets at beginning of year2012-12-31$498,083
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$58,465
Other income received2012-12-31$41,396
Net income (gross income less expenses)2012-12-31$-192,180
Net plan assets at end of year (total assets less liabilities)2012-12-31$305,903
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$498,083
Assets. Value of participant loans2012-12-31$6,433
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$340
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for VARTEK SERVICES INC RETIREMENT SAVINGS PLAN

2013: VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: VARTEK SERVICES INC RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract numberE79 2631
Policy instance 1
Insurance contract or identification numberE79 2631
Number of Individuals Covered0
Insurance policy start date2012-01-01
Insurance policy end date2012-02-29
Total amount of commissions paid to insurance brokerUSD $754
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $754
Insurance broker organization code?3
Insurance broker nameBW EMPLOYEE BENEFITS LLC

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