401k Plan data: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN plan

PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

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

Company Name: PETRUSO ENTERPRISES, INC.

Employer identification number (EIN): 464024057

NAIC Classification: 445310
NAIC Description: Beer, Wine, and Liquor Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01 MICHAEL PETRUSO
001 2015-01-01 MICHAEL PETRUSO
001 2014-01-10 MICHAEL PETRUSO

Plan Statistics for PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2019: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 0
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 0
Number of participants with account balances 2019-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 2
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 2
Number of participants with account balances 2018-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 2
Number of participants with account balances 2017-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 2
Number of participants with account balances 2016-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 2
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 2
Number of participants with account balances 2015-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-10 2
Total number of active participants reported on line 7a of the Form 5500 2014-01-10 2
Number of retired or separated participants receiving benefits 2014-01-10 0
Number of other retired or separated participants entitled to future benefits 2014-01-10 0
Total of all active and inactive participants 2014-01-10 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-10 0
Total participants 2014-01-10 2
Number of participants with account balances 2014-01-10 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-10 0

Measure	Date	Value
2019: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	0
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	0
Number of participants with account balances	2019-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	2
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	2
Number of participants with account balances	2018-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	2
Number of participants with account balances	2017-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	2
Number of participants with account balances	2016-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	2
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	2
Number of participants with account balances	2015-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-10	2
Total number of active participants reported on line 7a of the Form 5500	2014-01-10	2
Number of retired or separated participants receiving benefits	2014-01-10	0
Number of other retired or separated participants entitled to future benefits	2014-01-10	0
Total of all active and inactive participants	2014-01-10	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-10	0
Total participants	2014-01-10	2
Number of participants with account balances	2014-01-10	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-10	0

Financial Data on PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2019 : PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$-37,150
Expenses. Total of all expenses incurred	2019-12-31	$19,270
Benefits paid (including direct rollovers)	2019-12-31	$19,233
Total plan assets at end of year	2019-12-31	$0
Total plan assets at beginning of year	2019-12-31	$56,420
Expenses. Other expenses not covered elsewhere	2019-12-31	$37
Other income received	2019-12-31	$-37,150
Net income (gross income less expenses)	2019-12-31	$-56,420
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$56,420
Assets. Value of employer securities	2019-12-31	$0
2018 : PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$11,834
Expenses. Total of all expenses incurred	2018-12-31	$47
Total plan assets at end of year	2018-12-31	$56,420
Total plan assets at beginning of year	2018-12-31	$44,633
Expenses. Other expenses not covered elsewhere	2018-12-31	$47
Other income received	2018-12-31	$11,834
Net income (gross income less expenses)	2018-12-31	$11,787
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$56,420
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$44,633
Assets. Value of employer securities	2018-12-31	$46,166
2016 : PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$32,656
Total plan assets at end of year	2016-12-31	$158,359
Total plan assets at beginning of year	2016-12-31	$125,703
Other income received	2016-12-31	$32,656
Net income (gross income less expenses)	2016-12-31	$32,656
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$158,359
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$125,703
Assets. Value of employer securities	2016-12-31	$148,069
2015 : PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$2,255
Total plan assets at end of year	2015-12-31	$125,703
Total plan assets at beginning of year	2015-12-31	$123,448
Other income received	2015-12-31	$2,255
Net income (gross income less expenses)	2015-12-31	$2,255
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$125,703
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$123,448
Assets. Value of employer securities	2015-12-31	$115,415
2014 : PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$123,448
Total plan assets at end of year	2014-12-31	$123,448
Total plan assets at beginning of year	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$291,776
Other income received	2014-12-31	$-168,328
Net income (gross income less expenses)	2014-12-31	$123,448
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$123,448
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$0
Assets. Value of employer securities	2014-12-31	$113,163

Form 5500 Responses for PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

2019: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	This submission is the final filing	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: PETRUSO ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-10	Type of plan entity	Single employer plan
2014-01-10	First time form 5500 has been submitted	Yes
2014-01-10	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-01-10	Plan funding arrangement – Trust	Yes
2014-01-10	Plan benefit arrangement - Trust	Yes

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Company Name:	PETRUSO ENTERPRISES, INC.
Employer identification number (EIN):	464024057
NAIC Classification:	445310
NAIC Description:	Beer, Wine, and Liquor Stores