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THE PERFORMANCE COMPANIES, INC. 401(K) PLAN 401k Plan overview

Plan NameTHE PERFORMANCE COMPANIES, INC. 401(K) PLAN
Plan identification number 001

THE PERFORMANCE COMPANIES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE PERFORMANCE COMPANIES, INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:THE PERFORMANCE COMPANIES, INCORPORATED
Employer identification number (EIN):364465912
NAIC Classification:551112
NAIC Description:Offices of Other Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PERFORMANCE COMPANIES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PAULA BROUTMAN2024-06-13
0012022-01-01
0012022-01-01PAULA BROUTMAN

Financial Data on THE PERFORMANCE COMPANIES, INC. 401(K) PLAN

Measure Date Value
2025 : THE PERFORMANCE COMPANIES, INC. 401(K) PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-05-210
Total liabilities as of the beginning of the plan year2025-05-210
Total expenses incurred by plan in this plan year2025-05-2116596
Net assets as of the end of the plan year2025-05-21163139
Total assets as of the beginning of the plan year2025-05-2182143
Value of plan covered by a fidelity bond2025-05-218214
Participant contributions to plan in this plan year2025-05-2159085
Other expenses paid from plan in this plan year2025-05-210
Other contributions to plan in this plan year2025-05-210
Other income to plan in this plan year2025-05-2111251
Plan net income in this plan year2025-05-2180996
Net assets as of the end of the plan year2025-05-21163139
Net assets as of the beginning of the plan year2025-05-2182143
Employer contributions to plan in this plan year2025-05-2127256
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-213545
2024 : THE PERFORMANCE COMPANIES, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-130
Total liabilities as of the end of the plan year2024-06-130
Total liabilities as of the beginning of the plan year2024-06-130
Total expenses incurred by plan in this plan year2024-06-135555
Net assets as of the end of the plan year2024-06-1382143
Total assets as of the beginning of the plan year2024-06-1336187
Value of plan covered by a fidelity bond2024-06-133590
Participant contributions to plan in this plan year2024-06-1336951
Other expenses paid from plan in this plan year2024-06-130
Other contributions to plan in this plan year2024-06-130
Other income to plan in this plan year2024-06-137968
Plan net income in this plan year2024-06-1345956
Net assets as of the end of the plan year2024-06-1382143
Net assets as of the beginning of the plan year2024-06-1336187
Employer contributions to plan in this plan year2024-06-136592
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-130
2022 : THE PERFORMANCE COMPANIES, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$37,703
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,516
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,274
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$38,204
Value of total assets at end of year2022-12-31$36,187
Value of total assets at beginning of year2022-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$242
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$3,619
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$27,822
Administrative expenses (other) incurred2022-12-31$202
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$36,187
Value of net assets at end of year (total assets less liabilities)2022-12-31$36,187
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$32,593
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-501
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$10,382
Employer contributions (assets) at end of year2022-12-31$3,594
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,274
Contract administrator fees2022-12-31$40
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MCMAHON & ASSOCIATES
Accountancy firm EIN2022-12-31351438231
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$37,703
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$1,516
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,274
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$38,204
Value of total assets at end of year2022-01-01$36,187
Value of total assets at beginning of year2022-01-01$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$242
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$3,619
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$27,822
Administrative expenses (other) incurred2022-01-01$202
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$36,187
Value of net assets at end of year (total assets less liabilities)2022-01-01$36,187
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$32,593
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-501
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$10,382
Employer contributions (assets) at end of year2022-01-01$3,594
Employer contributions (assets) at beginning of year2022-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,274
Contract administrator fees2022-01-01$40
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01MCMAHON & ASSOCIATES
Accountancy firm EIN2022-01-01351438231

Form 5500 Responses for THE PERFORMANCE COMPANIES, INC. 401(K) PLAN

2022: THE PERFORMANCE COMPANIES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG50725
Policy instance 1

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