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WESCO 401(K) PLAN 401k Plan overview

Plan NameWESCO 401(K) PLAN
Plan identification number 001

WESCO 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.
  • 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

WACHS ENERGY SERVICES CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:WACHS ENERGY SERVICES CO., INC.
Employer identification number (EIN):364242933
NAIC Classification:238900

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01KEITH WILLINGHAM2019-10-15
0012017-01-01SCOTT HALES2018-10-14
0012016-01-01RUSSELL WHITE2017-10-09 RUSSELL WHITE2017-10-09
0012015-01-01RUSSELL WHITE2016-10-12 RUSSELL WHITE2016-10-12
0012014-01-01RUSSELL WHITE2015-10-12 RUSSELL WHITE2015-10-12
0012013-01-01RUSSELL WHITE2014-10-08 RUSSELL WHITE2014-10-08
0012012-01-01FREDRIC YABLON FREDRIC YABLON2013-10-15
0012011-01-01FREDRIC YABLON
0012010-01-01FREDRIC YABLON2011-06-17
0012009-01-01FREDRIC YABLON FREDRIC YABLON2010-10-13
0012009-01-01 FREDRIC YABLON2010-10-13
0012008-01-01FREDRIC YABLON FREDRIC YABLON2010-11-01
0012007-01-01FREDRIC YABLON FREDRIC YABLON2010-11-01

Plan Statistics for WESCO 401(K) PLAN

401k plan membership statisitcs for WESCO 401(K) PLAN

Measure Date Value
2012: WESCO 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01244
Total number of active participants reported on line 7a of the Form 55002012-01-0154
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0134
Total of all active and inactive participants2012-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0188
Number of participants with account balances2012-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: WESCO 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01136
Total number of active participants reported on line 7a of the Form 55002011-01-01198
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0146
Total of all active and inactive participants2011-01-01244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01244
Number of participants with account balances2011-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: WESCO 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0159
Total number of active participants reported on line 7a of the Form 55002009-01-0163
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0170
Number of participants with account balances2009-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010
2008: WESCO 401(K) PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0123
Total number of active participants reported on line 7a of the Form 55002008-01-0123
Number of other retired or separated participants entitled to future benefits2008-01-014
Total of all active and inactive participants2008-01-0127
Total participants2008-01-0127
Number of participants with account balances2008-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010
2007: WESCO 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0159
Total number of active participants reported on line 7a of the Form 55002007-01-0123
Number of other retired or separated participants entitled to future benefits2007-01-010
Total of all active and inactive participants2007-01-0123
Total participants2007-01-0123
Number of participants with account balances2007-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-011

Financial Data on WESCO 401(K) PLAN

Measure Date Value
2012 : WESCO 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$557,326
Total of all expenses incurred2012-12-31$359,136
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$355,094
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$444,336
Value of total assets at end of year2012-12-31$1,317,848
Value of total assets at beginning of year2012-12-31$1,119,658
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$4,042
Total interest from all sources2012-12-31$739
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$100,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$263,674
Participant contributions at end of year2012-12-31$23,893
Participant contributions at beginning of year2012-12-31$6,031
Total non interest bearing cash at end of year2012-12-31$10
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$198,190
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,317,848
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,119,658
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$4,042
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,113,627
Value of interest in pooled separate accounts at end of year2012-12-31$1,293,945
Interest on participant loans2012-12-31$739
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$-1,852
Net investment gain/loss from pooled separate accounts2012-12-31$114,103
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$180,662
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$355,094
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31GREERWALKER, LLP
Accountancy firm EIN2012-12-31561434747
2011 : WESCO 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$224,159
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$43,646
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$42,521
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$298,967
Value of total assets at end of year2011-12-31$1,119,658
Value of total assets at beginning of year2011-12-31$939,145
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,125
Total interest from all sources2011-12-31$168
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$21,842
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$21,842
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$94,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$178,534
Participant contributions at end of year2011-12-31$6,031
Participant contributions at beginning of year2011-12-31$2,106
Administrative expenses (other) incurred2011-12-31$1,125
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$180,513
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,119,658
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$939,145
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,113,627
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$937,039
Interest on participant loans2011-12-31$168
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-96,818
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$120,433
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$42,521
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31GREER AND WALKER, LLP
Accountancy firm EIN2011-12-31561434747
2009 : WESCO 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
2008 : WESCO 401(K) PLAN 2008 401k financial data
Transfers to/from the plan2008-12-31$0
Total income from all sources2008-12-31$2,144
Expenses. Total of all expenses incurred2008-12-31$12,751
Benefits paid (including direct rollovers)2008-12-31$12,233
Total plan assets at end of year2008-12-31$286,246
Total plan assets at beginning of year2008-12-31$296,853
Value of fidelity bond covering the plan2008-12-31$100,000
Total contributions received or receivable from participants2008-12-31$92,443
Other income received2008-12-31$-90,299
Net income (gross income less expenses)2008-12-31$-10,607
Net plan assets at end of year (total assets less liabilities)2008-12-31$286,246
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$296,853
Assets. Value of participant loans2008-12-31$2,477
Total contributions received or receivable from employer(s)2008-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$518
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2008-12-31$0
2007 : WESCO 401(K) PLAN 2007 401k financial data
Transfers to/from the plan2007-12-31$0
Total income from all sources2007-12-31$124,866
Expenses. Total of all expenses incurred2007-12-31$32,773
Benefits paid (including direct rollovers)2007-12-31$32,260
Total plan assets at end of year2007-12-31$296,853
Total plan assets at beginning of year2007-12-31$204,760
Value of fidelity bond covering the plan2007-12-31$100,000
Total contributions received or receivable from participants2007-12-31$103,716
Contributions received from other sources (not participants or employers)2007-12-31$1,825
Other income received2007-12-31$19,325
Noncash contributions received2007-12-31$0
Net income (gross income less expenses)2007-12-31$92,093
Net plan assets at end of year (total assets less liabilities)2007-12-31$296,853
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$204,760
Assets. Value of participant loans2007-12-31$1,314
Total contributions received or receivable from employer(s)2007-12-31$0
Value of certain deemed distributions of participant loans2007-12-31$0
Value of corrective distributions2007-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2007-12-31$513
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2007-12-31$0

Form 5500 Responses for WESCO 401(K) PLAN

2012: WESCO 401(K) 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 is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WESCO 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: WESCO 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2008: WESCO 401(K) PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes
2007: WESCO 401(K) PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number105991
Policy instance 1
Insurance contract or identification number105991
Number of Individuals Covered80
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $14,649
Total amount of fees paid to insurance companyUSD $4,193
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $14,649
Amount paid for insurance broker fees481
Additional information about fees paid to insurance brokerOTHER ALLOWANCES
Insurance broker organization code?3
Insurance broker nameNATIONAL RETIRMENT SERVICES, INC.
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number91663550
Policy instance 1
Insurance contract or identification number91663550
Number of Individuals Covered25
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $862
Total amount of fees paid to insurance companyUSD $0
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
Commission paid to Insurance BrokerUSD $431
Insurance broker organization code?3
Insurance broker nameCRIGLER JR., CHFC, CLU BENNER B
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number91663550
Policy instance 1
Insurance contract or identification number91663550
Number of Individuals Covered23
Insurance policy start date2007-01-01
Insurance policy end date2007-12-31
Total amount of commissions paid to insurance brokerUSD $758
Total amount of fees paid to insurance companyUSD $0
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
Commission paid to Insurance BrokerUSD $379
Insurance broker organization code?3
Insurance broker nameCRIGLER JR., CHFC, CLU BENNER B

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