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POWERNAP, INC 401K PLAN 401k Plan overview

Plan NamePOWERNAP, INC 401K PLAN
Plan identification number 001

POWERNAP, INC 401K 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:POWERNAP, INC
Employer identification number (EIN):460669211
NAIC Classification:812310
NAIC Description:Coin-Operated Laundries and Drycleaners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWERNAP, INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-07-01
0012018-07-01
0012018-07-01
0012017-07-01MARC DALE NEAL MARC DALE NEAL2019-03-25
0012016-07-01MARC DALE NEAL MARC DALE NEAL2018-04-15
0012016-07-01 MARC DEAL NEAL2019-01-07
0012015-07-01MARC DALE NEAL MARC DALE NEAL2017-01-19
0012014-07-01MARC DALE NEAL MARC DALE NEAL2015-09-21
0012013-07-01MARC DALE NEAL MARC DALE NEAL2015-01-24
0012012-07-25MARC DALE NEAL

Plan Statistics for POWERNAP, INC 401K PLAN

401k plan membership statisitcs for POWERNAP, INC 401K PLAN

Measure Date Value
2019: POWERNAP, INC 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-07-012
Total number of active participants reported on line 7a of the Form 55002019-07-010
Number of retired or separated participants receiving benefits2019-07-010
Number of other retired or separated participants entitled to future benefits2019-07-010
Total of all active and inactive participants2019-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-07-010
Total participants2019-07-010
Number of participants with account balances2019-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-010
2018: POWERNAP, INC 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-07-012
Total number of active participants reported on line 7a of the Form 55002018-07-012
Number of retired or separated participants receiving benefits2018-07-010
Number of other retired or separated participants entitled to future benefits2018-07-010
Total of all active and inactive participants2018-07-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-07-010
Total participants2018-07-012
Number of participants with account balances2018-07-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-07-010
2017: POWERNAP, INC 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-07-016
Total number of active participants reported on line 7a of the Form 55002017-07-016
Number of retired or separated participants receiving benefits2017-07-010
Number of other retired or separated participants entitled to future benefits2017-07-010
Total of all active and inactive participants2017-07-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-07-010
Total participants2017-07-016
Number of participants with account balances2017-07-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-07-010
2016: POWERNAP, INC 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-07-016
Total number of active participants reported on line 7a of the Form 55002016-07-017
Number of retired or separated participants receiving benefits2016-07-010
Number of other retired or separated participants entitled to future benefits2016-07-010
Total of all active and inactive participants2016-07-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-07-010
Total participants2016-07-017
Number of participants with account balances2016-07-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-07-010
2015: POWERNAP, INC 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-07-016
Total number of active participants reported on line 7a of the Form 55002015-07-016
Number of retired or separated participants receiving benefits2015-07-010
Number of other retired or separated participants entitled to future benefits2015-07-010
Total of all active and inactive participants2015-07-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-07-010
Total participants2015-07-016
Number of participants with account balances2015-07-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-07-010
2014: POWERNAP, INC 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-07-015
Total number of active participants reported on line 7a of the Form 55002014-07-016
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-010
Total of all active and inactive participants2014-07-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-016
Number of participants with account balances2014-07-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-010
2013: POWERNAP, INC 401K PLAN 2013 401k membership
Total participants, beginning-of-year2013-07-015
Total number of active participants reported on line 7a of the Form 55002013-07-015
Number of retired or separated participants receiving benefits2013-07-010
Number of other retired or separated participants entitled to future benefits2013-07-010
Total of all active and inactive participants2013-07-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-07-010
Total participants2013-07-015
Number of participants with account balances2013-07-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-07-010
2012: POWERNAP, INC 401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-250
Total number of active participants reported on line 7a of the Form 55002012-07-255
Number of retired or separated participants receiving benefits2012-07-250
Number of other retired or separated participants entitled to future benefits2012-07-250
Total of all active and inactive participants2012-07-255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-07-250
Total participants2012-07-255
Number of participants with account balances2012-07-252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-07-250

Financial Data on POWERNAP, INC 401K PLAN

Measure Date Value
2020 : POWERNAP, INC 401K PLAN 2020 401k financial data
Transfers to/from the plan2020-03-09$0
Total income from all sources2020-03-09$-196,856
Expenses. Total of all expenses incurred2020-03-09$0
Benefits paid (including direct rollovers)2020-03-09$0
Total plan assets at end of year2020-03-09$0
Total plan assets at beginning of year2020-03-09$196,856
Total contributions received or receivable from participants2020-03-09$0
Expenses. Other expenses not covered elsewhere2020-03-09$0
Contributions received from other sources (not participants or employers)2020-03-09$0
Other income received2020-03-09$-196,856
Noncash contributions received2020-03-09$0
Net income (gross income less expenses)2020-03-09$-196,856
Net plan assets at end of year (total assets less liabilities)2020-03-09$0
Net plan assets at beginning of year (total assets less liabilities)2020-03-09$196,856
Assets. Value of employer securities2020-03-09$0
Total contributions received or receivable from employer(s)2020-03-09$0
Value of certain deemed distributions of participant loans2020-03-09$0
Value of corrective distributions2020-03-09$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-03-09$0
2019 : POWERNAP, INC 401K PLAN 2019 401k financial data
Transfers to/from the plan2019-06-30$0
Total income from all sources2019-06-30$-156,261
Expenses. Total of all expenses incurred2019-06-30$0
Benefits paid (including direct rollovers)2019-06-30$0
Total plan assets at end of year2019-06-30$196,856
Total plan assets at beginning of year2019-06-30$353,117
Total contributions received or receivable from participants2019-06-30$0
Expenses. Other expenses not covered elsewhere2019-06-30$0
Contributions received from other sources (not participants or employers)2019-06-30$0
Other income received2019-06-30$-156,261
Noncash contributions received2019-06-30$0
Net income (gross income less expenses)2019-06-30$-156,261
Net plan assets at end of year (total assets less liabilities)2019-06-30$196,856
Net plan assets at beginning of year (total assets less liabilities)2019-06-30$353,117
Assets. Value of employer securities2019-06-30$196,856
Total contributions received or receivable from employer(s)2019-06-30$0
Value of certain deemed distributions of participant loans2019-06-30$0
Value of corrective distributions2019-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-06-30$0
2018 : POWERNAP, INC 401K PLAN 2018 401k financial data
Transfers to/from the plan2018-06-30$0
Total plan liabilities at end of year2018-06-30$0
Total plan liabilities at beginning of year2018-06-30$0
Total income from all sources2018-06-30$-55,715
Expenses. Total of all expenses incurred2018-06-30$0
Benefits paid (including direct rollovers)2018-06-30$0
Total plan assets at end of year2018-06-30$353,117
Total plan assets at beginning of year2018-06-30$408,832
Total contributions received or receivable from participants2018-06-30$0
Expenses. Other expenses not covered elsewhere2018-06-30$0
Contributions received from other sources (not participants or employers)2018-06-30$0
Other income received2018-06-30$-55,715
Noncash contributions received2018-06-30$0
Net income (gross income less expenses)2018-06-30$-55,715
Net plan assets at end of year (total assets less liabilities)2018-06-30$353,117
Net plan assets at beginning of year (total assets less liabilities)2018-06-30$408,832
Assets. Value of employer securities2018-06-30$353,117
Total contributions received or receivable from employer(s)2018-06-30$0
Value of certain deemed distributions of participant loans2018-06-30$0
Value of corrective distributions2018-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-06-30$0
2017 : POWERNAP, INC 401K PLAN 2017 401k financial data
Transfers to/from the plan2017-06-30$0
Total plan liabilities at end of year2017-06-30$0
Total plan liabilities at beginning of year2017-06-30$0
Total income from all sources2017-06-30$-20,671
Expenses. Total of all expenses incurred2017-06-30$0
Benefits paid (including direct rollovers)2017-06-30$0
Total plan assets at end of year2017-06-30$743,497
Total plan assets at beginning of year2017-06-30$764,168
Total contributions received or receivable from participants2017-06-30$0
Expenses. Other expenses not covered elsewhere2017-06-30$0
Contributions received from other sources (not participants or employers)2017-06-30$0
Other income received2017-06-30$-20,671
Noncash contributions received2017-06-30$0
Net income (gross income less expenses)2017-06-30$-20,671
Net plan assets at end of year (total assets less liabilities)2017-06-30$743,497
Net plan assets at beginning of year (total assets less liabilities)2017-06-30$764,168
Assets. Value of employer securities2017-06-30$743,497
Total contributions received or receivable from employer(s)2017-06-30$0
Value of certain deemed distributions of participant loans2017-06-30$0
Value of corrective distributions2017-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-06-30$0
2016 : POWERNAP, INC 401K PLAN 2016 401k financial data
Total plan liabilities at end of year2016-06-30$0
Total plan liabilities at beginning of year2016-06-30$0
Total income from all sources2016-06-30$-104,166
Expenses. Total of all expenses incurred2016-06-30$0
Benefits paid (including direct rollovers)2016-06-30$0
Total plan assets at end of year2016-06-30$764,168
Total plan assets at beginning of year2016-06-30$868,334
Total contributions received or receivable from participants2016-06-30$0
Expenses. Other expenses not covered elsewhere2016-06-30$0
Contributions received from other sources (not participants or employers)2016-06-30$0
Other income received2016-06-30$-104,166
Noncash contributions received2016-06-30$0
Net income (gross income less expenses)2016-06-30$-104,166
Net plan assets at end of year (total assets less liabilities)2016-06-30$764,168
Net plan assets at beginning of year (total assets less liabilities)2016-06-30$868,334
Assets. Value of employer securities2016-06-30$764,168
Total contributions received or receivable from employer(s)2016-06-30$0
Value of certain deemed distributions of participant loans2016-06-30$0
Value of corrective distributions2016-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-06-30$0
2015 : POWERNAP, INC 401K PLAN 2015 401k financial data
Transfers to/from the plan2015-06-30$0
Total plan liabilities at end of year2015-06-30$0
Total plan liabilities at beginning of year2015-06-30$0
Total income from all sources2015-06-30$633,046
Expenses. Total of all expenses incurred2015-06-30$0
Benefits paid (including direct rollovers)2015-06-30$0
Total plan assets at end of year2015-06-30$868,334
Total plan assets at beginning of year2015-06-30$235,288
Total contributions received or receivable from participants2015-06-30$0
Expenses. Other expenses not covered elsewhere2015-06-30$0
Contributions received from other sources (not participants or employers)2015-06-30$0
Other income received2015-06-30$633,046
Noncash contributions received2015-06-30$0
Net income (gross income less expenses)2015-06-30$633,046
Net plan assets at end of year (total assets less liabilities)2015-06-30$868,334
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$235,288
Assets. Value of employer securities2015-06-30$868,334
Total contributions received or receivable from employer(s)2015-06-30$0
Value of certain deemed distributions of participant loans2015-06-30$0
Value of corrective distributions2015-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-06-30$0
2014 : POWERNAP, INC 401K PLAN 2014 401k financial data
Transfers to/from the plan2014-06-30$0
Total plan liabilities at end of year2014-06-30$0
Total plan liabilities at beginning of year2014-06-30$0
Total income from all sources2014-06-30$23,432
Expenses. Total of all expenses incurred2014-06-30$0
Benefits paid (including direct rollovers)2014-06-30$0
Total plan assets at end of year2014-06-30$235,288
Total plan assets at beginning of year2014-06-30$211,856
Total contributions received or receivable from participants2014-06-30$0
Expenses. Other expenses not covered elsewhere2014-06-30$0
Contributions received from other sources (not participants or employers)2014-06-30$0
Other income received2014-06-30$23,432
Noncash contributions received2014-06-30$0
Net income (gross income less expenses)2014-06-30$23,432
Net plan assets at end of year (total assets less liabilities)2014-06-30$235,288
Net plan assets at beginning of year (total assets less liabilities)2014-06-30$211,856
Assets. Value of employer securities2014-06-30$235,288
Total contributions received or receivable from employer(s)2014-06-30$0
Value of certain deemed distributions of participant loans2014-06-30$0
Value of corrective distributions2014-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-06-30$0
2013 : POWERNAP, INC 401K PLAN 2013 401k financial data
Transfers to/from the plan2013-06-30$0
Total plan liabilities at end of year2013-06-30$0
Total plan liabilities at beginning of year2013-06-30$0
Total income from all sources2013-06-30$211,856
Expenses. Total of all expenses incurred2013-06-30$0
Benefits paid (including direct rollovers)2013-06-30$0
Total plan assets at end of year2013-06-30$211,856
Total plan assets at beginning of year2013-06-30$0
Assets. Value of tangible personal property2013-06-30$0
Total contributions received or receivable from participants2013-06-30$0
Assets. Value of loans (other than to participants)2013-06-30$0
Expenses. Other expenses not covered elsewhere2013-06-30$0
Contributions received from other sources (not participants or employers)2013-06-30$251,589
Other income received2013-06-30$-39,733
Noncash contributions received2013-06-30$0
Net income (gross income less expenses)2013-06-30$211,856
Net plan assets at end of year (total assets less liabilities)2013-06-30$211,856
Net plan assets at beginning of year (total assets less liabilities)2013-06-30$0
Assets. Value of participant loans2013-06-30$0
Assets. Value of assets in partnership/joint-venture interests2013-06-30$0
Assets. Value of real-estate (other than employer real property)2013-06-30$0
Assets. Value of employer securities2013-06-30$211,856
Assets. Value of employer real property2013-06-30$0
Total contributions received or receivable from employer(s)2013-06-30$0
Value of certain deemed distributions of participant loans2013-06-30$0
Value of corrective distributions2013-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-06-30$0

Form 5500 Responses for POWERNAP, INC 401K PLAN

2019: POWERNAP, INC 401K PLAN 2019 form 5500 responses
2019-07-01Type of plan entitySingle employer plan
2019-07-01Submission has been amendedNo
2019-07-01This submission is the final filingYes
2019-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-07-01Plan is a collectively bargained planNo
2019-07-01Plan funding arrangement – TrustYes
2019-07-01Plan benefit arrangement - TrustYes
2018: POWERNAP, INC 401K PLAN 2018 form 5500 responses
2018-07-01Type of plan entitySingle employer plan
2018-07-01Submission has been amendedNo
2018-07-01This submission is the final filingNo
2018-07-01This return/report is a short plan year return/report (less than 12 months)No
2018-07-01Plan is a collectively bargained planNo
2018-07-01Plan funding arrangement – TrustYes
2018-07-01Plan benefit arrangement - TrustYes
2017: POWERNAP, INC 401K PLAN 2017 form 5500 responses
2017-07-01Type of plan entitySingle employer plan
2017-07-01Submission has been amendedNo
2017-07-01This submission is the final filingNo
2017-07-01This return/report is a short plan year return/report (less than 12 months)No
2017-07-01Plan is a collectively bargained planNo
2017-07-01Plan funding arrangement – TrustYes
2017-07-01Plan benefit arrangement - TrustYes
2016: POWERNAP, INC 401K PLAN 2016 form 5500 responses
2016-07-01Type of plan entitySingle employer plan
2016-07-01Submission has been amendedNo
2016-07-01This submission is the final filingNo
2016-07-01This return/report is a short plan year return/report (less than 12 months)No
2016-07-01Plan is a collectively bargained planNo
2016-07-01Plan funding arrangement – TrustYes
2016-07-01Plan benefit arrangement - TrustYes
2015: POWERNAP, INC 401K PLAN 2015 form 5500 responses
2015-07-01Type of plan entitySingle employer plan
2015-07-01Submission has been amendedNo
2015-07-01This submission is the final filingNo
2015-07-01This return/report is a short plan year return/report (less than 12 months)No
2015-07-01Plan is a collectively bargained planNo
2015-07-01Plan funding arrangement – TrustYes
2015-07-01Plan benefit arrangement - TrustYes
2014: POWERNAP, INC 401K PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01Submission has been amendedNo
2014-07-01This submission is the final filingNo
2014-07-01This return/report is a short plan year return/report (less than 12 months)No
2014-07-01Plan is a collectively bargained planNo
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement - TrustYes
2013: POWERNAP, INC 401K PLAN 2013 form 5500 responses
2013-07-01Type of plan entitySingle employer plan
2013-07-01Submission has been amendedNo
2013-07-01This submission is the final filingNo
2013-07-01This return/report is a short plan year return/report (less than 12 months)No
2013-07-01Plan is a collectively bargained planNo
2013-07-01Plan funding arrangement – TrustYes
2013-07-01Plan benefit arrangement - TrustYes
2012: POWERNAP, INC 401K PLAN 2012 form 5500 responses
2012-07-25Type of plan entitySingle employer plan
2012-07-25First time form 5500 has been submittedYes
2012-07-25Submission has been amendedNo
2012-07-25This submission is the final filingNo
2012-07-25This return/report is a short plan year return/report (less than 12 months)Yes
2012-07-25Plan is a collectively bargained planNo
2012-07-25Plan funding arrangement – TrustYes
2012-07-25Plan benefit arrangement - TrustYes

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