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LYNK SYSTEMS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameLYNK SYSTEMS, INC. PROFIT SHARING PLAN
Plan identification number 002

LYNK SYSTEMS, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

LYNK SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:LYNK SYSTEMS, INC.
Employer identification number (EIN):382364616
NAIC Classification:518210
NAIC Description:Data Processing, Hosting, and Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LYNK SYSTEMS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-11-01MERCEDES DELAMAR2020-03-06
0022019-11-01MERCEDES DELAMAR2020-02-27
0022018-11-01MERCEDES DELAMAR2020-02-21
0022017-11-01MERCEDES DELAMAR2020-02-21
0022017-11-01MERCEDES DELAMAR2019-05-21
0022016-11-01MERCEDES DELAMAR2018-05-14
0022015-11-01MERCEDES DELAMAR2017-05-15
0022014-11-01MERCEDES DELAMAR2016-05-04
0022013-11-01MERCEDES DELAMAR2015-05-01
0022012-11-01MERCEDES DELAMAR2014-04-21
0022011-11-01MERCEDES DELAMAR2013-05-01
0022010-11-01MERCEDES DELAMAR2012-05-23
0022009-11-01ROBERT DELAMAR
0022008-11-01MERCEDES DELAMAR

Plan Statistics for LYNK SYSTEMS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for LYNK SYSTEMS, INC. PROFIT SHARING PLAN

Measure Date Value
2009: LYNK SYSTEMS, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-016
Total number of active participants reported on line 7a of the Form 55002009-11-016
Total of all active and inactive participants2009-11-016
Total participants2009-11-016
Number of participants with account balances2009-11-016
2008: LYNK SYSTEMS, INC. PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-11-016
Total number of active participants reported on line 7a of the Form 55002008-11-016
Number of retired or separated participants receiving benefits2008-11-010
Total of all active and inactive participants2008-11-016
Total participants2008-11-016
Number of participants with account balances2008-11-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-11-010

Financial Data on LYNK SYSTEMS, INC. PROFIT SHARING PLAN

Measure Date Value
2009 : LYNK SYSTEMS, INC. PROFIT SHARING PLAN 2009 401k financial data
Total income from all sources2009-10-31$94,048
Expenses. Total of all expenses incurred2009-10-31$67,459
Benefits paid (including direct rollovers)2009-10-31$64,107
Total plan assets at end of year2009-10-31$440,922
Total plan assets at beginning of year2009-10-31$414,333
Value of fidelity bond covering the plan2009-10-31$50,000
Other income received2009-10-31$68,407
Net income (gross income less expenses)2009-10-31$26,589
Net plan assets at end of year (total assets less liabilities)2009-10-31$440,922
Net plan assets at beginning of year (total assets less liabilities)2009-10-31$414,333
Total contributions received or receivable from employer(s)2009-10-31$25,641
Expenses. Administrative service providers (salaries,fees and commissions)2009-10-31$3,352

Form 5500 Responses for LYNK SYSTEMS, INC. PROFIT SHARING PLAN

2009: LYNK SYSTEMS, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-11-01Type of plan entitySingle employer plan
2009-11-01This submission is the final filingNo
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement - TrustYes
2008: LYNK SYSTEMS, INC. PROFIT SHARING PLAN 2008 form 5500 responses
2008-11-01Type of plan entitySingle employer plan
2008-11-01Submission has been amendedNo
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo
2008-11-01Plan funding arrangement – TrustYes
2008-11-01Plan 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 number38730
Policy instance 1
Insurance contract or identification number38730
Number of Individuals Covered6
Insurance policy start date2008-11-01
Insurance policy end date2009-10-31
Total amount of fees paid to insurance companyUSD $1,020
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
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

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