Logo

SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 401k Plan overview

Plan NameSOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN
Plan identification number 001

SOUTHERN TECHNICAL COLLEGE 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.
  • 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

SOUTHERN TECHNICAL COLLEGE has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN TECHNICAL COLLEGE
Employer identification number (EIN):352456142
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01APRIL WILLIAMS2019-11-20
0012018-01-01
0012017-02-22REID ALLISON
0012017-02-22REID ALLISON

Plan Statistics for SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN

401k plan membership statisitcs for SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN

Measure Date Value
2018: SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01653
Total number of active participants reported on line 7a of the Form 55002018-01-01621
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0122
Total of all active and inactive participants2018-01-01643
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01643
Number of participants with account balances2018-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-02-22567
Total number of active participants reported on line 7a of the Form 55002017-02-22612
Number of retired or separated participants receiving benefits2017-02-220
Number of other retired or separated participants entitled to future benefits2017-02-2218
Total of all active and inactive participants2017-02-22630
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-02-220
Total participants2017-02-22630
Number of participants with account balances2017-02-2254
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-02-220

Financial Data on SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN

Measure Date Value
2018 : SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$95,989
Total of all expenses incurred2018-12-31$242,996
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$205,247
Value of total corrective distributions2018-12-31$19,801
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$151,831
Value of total assets at end of year2018-12-31$656,376
Value of total assets at beginning of year2018-12-31$803,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$17,948
Total interest from all sources2018-12-31$882
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$119,653
Participant contributions at end of year2018-12-31$14,468
Participant contributions at beginning of year2018-12-31$16,225
Participant contributions at end of year2018-12-31$3,192
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$32,178
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$12
Administrative expenses (other) incurred2018-12-31$6,698
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-147,007
Value of net assets at end of year (total assets less liabilities)2018-12-31$656,376
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$803,383
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$11,250
Value of interest in pooled separate accounts at end of year2018-12-31$636,469
Value of interest in pooled separate accounts at beginning of year2018-12-31$771,416
Interest on participant loans2018-12-31$850
Interest earned on other investments2018-12-31$32
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$2,235
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$15,742
Net investment gain/loss from pooled separate accounts2018-12-31$-56,724
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$205,247
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Qualified
Accountancy firm name2018-12-31SCHAFER, TSCHOPP, WHITCOMB, LLP
Accountancy firm EIN2018-12-31261472386
2017 : SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 2017 401k financial data
Total transfer of assets to this plan2017-12-31$649,391
Total income from all sources (including contributions)2017-12-31$234,856
Total of all expenses incurred2017-12-31$80,864
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$66,269
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$152,921
Value of total assets at end of year2017-12-31$803,383
Value of total assets at beginning of year2017-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$14,595
Total interest from all sources2017-12-31$604
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31No
Value of fidelity bond cover2017-12-31$80,338
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$152,346
Participant contributions at end of year2017-12-31$16,225
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$575
Administrative expenses (other) incurred2017-12-31$3,345
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$153,992
Value of net assets at end of year (total assets less liabilities)2017-12-31$803,383
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$11,250
Value of interest in pooled separate accounts at end of year2017-12-31$771,416
Value of interest in pooled separate accounts at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$318
Interest earned on other investments2017-12-31$286
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$15,742
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$0
Net investment gain/loss from pooled separate accounts2017-12-31$81,331
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$66,269
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Qualified
Accountancy firm name2017-12-31SCHAFER, TSCHOPP, WHITCOMB, LLP
Accountancy firm EIN2017-12-31261472386

Form 5500 Responses for SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN

2018: SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTHERN TECHNICAL COLLEGE RETIREMENT PLAN 2017 form 5500 responses
2017-02-22Type of plan entitySingle employer plan
2017-02-22First time form 5500 has been submittedYes
2017-02-22Submission has been amendedYes
2017-02-22This return/report is a short plan year return/report (less than 12 months)Yes
2017-02-22Plan funding arrangement – InsuranceYes
2017-02-22Plan funding arrangement – TrustYes
2017-02-22Plan benefit arrangement – InsuranceYes
2017-02-22Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number808087
Policy instance 1
Insurance contract or identification number808087
Number of Individuals Covered53
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number808087
Policy instance 1
Insurance contract or identification number808087
Number of Individuals Covered54
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1