401k Plan data: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST plan

PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan Name	PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST
Plan identification number	001

PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

PAINT CORPS USA INC has sponsored the creation of one or more 401k plans.

Company Name: PAINT CORPS USA INC

Employer identification number (EIN): 475438006

NAIC Classification: 811490
NAIC Description: Other Personal and Household Goods Repair and Maintenance

Additional information about PAINT CORPS USA INC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2015-10-27

Company Identification Number: P15000088449

Legal Registered Office Address: 5440 HEATHERTON ROAD

MILTON

32570

More information about PAINT CORPS USA INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-10-01
001 2018-10-01
001 2018-10-01
001 2017-10-01
001 2016-10-01 JOHN DRUMMOND JOHN DRUMMOND 2018-06-29
001 2015-10-27 JOHN DRUMMOND JOHN DRUMMOND 2017-07-07

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2019-10-01
001	2018-10-01
001	2018-10-01
001	2017-10-01
001	2016-10-01	JOHN DRUMMOND	JOHN DRUMMOND	2018-06-29
001	2015-10-27	JOHN DRUMMOND	JOHN DRUMMOND	2017-07-07

Plan Statistics for PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST

Measure Date Value
2019: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year 2019-10-01 1
Total number of active participants reported on line 7a of the Form 5500 2019-10-01 0
Number of retired or separated participants receiving benefits 2019-10-01 0
Number of other retired or separated participants entitled to future benefits 2019-10-01 0
Total of all active and inactive participants 2019-10-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-10-01 0
Total participants 2019-10-01 0
Number of participants with account balances 2019-10-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-10-01 0
2018: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year 2018-10-01 1
Total number of active participants reported on line 7a of the Form 5500 2018-10-01 1
Number of retired or separated participants receiving benefits 2018-10-01 0
Number of other retired or separated participants entitled to future benefits 2018-10-01 0
Total of all active and inactive participants 2018-10-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-10-01 0
Total participants 2018-10-01 1
Number of participants with account balances 2018-10-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-10-01 0
2017: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year 2017-10-01 1
Total number of active participants reported on line 7a of the Form 5500 2017-10-01 1
Number of retired or separated participants receiving benefits 2017-10-01 0
Number of other retired or separated participants entitled to future benefits 2017-10-01 0
Total of all active and inactive participants 2017-10-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-10-01 0
Total participants 2017-10-01 1
Number of participants with account balances 2017-10-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-10-01 0
2016: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year 2016-10-01 1
Total number of active participants reported on line 7a of the Form 5500 2016-10-01 1
Number of retired or separated participants receiving benefits 2016-10-01 0
Number of other retired or separated participants entitled to future benefits 2016-10-01 0
Total of all active and inactive participants 2016-10-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-10-01 0
Total participants 2016-10-01 1
Number of participants with account balances 2016-10-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-10-01 0
2015: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year 2015-10-27 1
Total number of active participants reported on line 7a of the Form 5500 2015-10-27 1
Number of retired or separated participants receiving benefits 2015-10-27 0
Number of other retired or separated participants entitled to future benefits 2015-10-27 0
Total of all active and inactive participants 2015-10-27 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-10-27 0
Total participants 2015-10-27 1
Number of participants with account balances 2015-10-27 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-10-27 0

Measure	Date	Value
2019: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year	2019-10-01	1
Total number of active participants reported on line 7a of the Form 5500	2019-10-01	0
Number of retired or separated participants receiving benefits	2019-10-01	0
Number of other retired or separated participants entitled to future benefits	2019-10-01	0
Total of all active and inactive participants	2019-10-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-10-01	0
Total participants	2019-10-01	0
Number of participants with account balances	2019-10-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-10-01	0
2018: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year	2018-10-01	1
Total number of active participants reported on line 7a of the Form 5500	2018-10-01	1
Number of retired or separated participants receiving benefits	2018-10-01	0
Number of other retired or separated participants entitled to future benefits	2018-10-01	0
Total of all active and inactive participants	2018-10-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-10-01	0
Total participants	2018-10-01	1
Number of participants with account balances	2018-10-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-10-01	0
2017: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year	2017-10-01	1
Total number of active participants reported on line 7a of the Form 5500	2017-10-01	1
Number of retired or separated participants receiving benefits	2017-10-01	0
Number of other retired or separated participants entitled to future benefits	2017-10-01	0
Total of all active and inactive participants	2017-10-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-10-01	0
Total participants	2017-10-01	1
Number of participants with account balances	2017-10-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-10-01	0
2016: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year	2016-10-01	1
Total number of active participants reported on line 7a of the Form 5500	2016-10-01	1
Number of retired or separated participants receiving benefits	2016-10-01	0
Number of other retired or separated participants entitled to future benefits	2016-10-01	0
Total of all active and inactive participants	2016-10-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-10-01	0
Total participants	2016-10-01	1
Number of participants with account balances	2016-10-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-10-01	0
2015: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year	2015-10-27	1
Total number of active participants reported on line 7a of the Form 5500	2015-10-27	1
Number of retired or separated participants receiving benefits	2015-10-27	0
Number of other retired or separated participants entitled to future benefits	2015-10-27	0
Total of all active and inactive participants	2015-10-27	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-10-27	0
Total participants	2015-10-27	1
Number of participants with account balances	2015-10-27	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-10-27	0

Financial Data on PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST

Measure	Date	Value
2020 : PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2020 401k financial data
Total income from all sources	2020-09-30	$-7,338
Expenses. Total of all expenses incurred	2020-09-30	$7,000
Benefits paid (including direct rollovers)	2020-09-30	$7,000
Total plan assets at end of year	2020-09-30	$0
Total plan assets at beginning of year	2020-09-30	$14,338
Other income received	2020-09-30	$-7,338
Net income (gross income less expenses)	2020-09-30	$-14,338
Net plan assets at end of year (total assets less liabilities)	2020-09-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2020-09-30	$14,338
Assets. Value of employer securities	2020-09-30	$0
2019 : PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2019 401k financial data
Total income from all sources	2019-09-30	$4,634
Total plan assets at end of year	2019-09-30	$14,338
Total plan assets at beginning of year	2019-09-30	$9,704
Other income received	2019-09-30	$4,634
Net income (gross income less expenses)	2019-09-30	$4,634
Net plan assets at end of year (total assets less liabilities)	2019-09-30	$14,338
Net plan assets at beginning of year (total assets less liabilities)	2019-09-30	$9,704
Assets. Value of employer securities	2019-09-30	$14,338
2017 : PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2017 401k financial data
Total income from all sources	2017-09-30	$-57,535
Expenses. Total of all expenses incurred	2017-09-30	$0
Total plan assets at end of year	2017-09-30	$9,896
Total plan assets at beginning of year	2017-09-30	$67,431
Value of fidelity bond covering the plan	2017-09-30	$10,000
Total contributions received or receivable from participants	2017-09-30	$0
Expenses. Other expenses not covered elsewhere	2017-09-30	$0
Contributions received from other sources (not participants or employers)	2017-09-30	$0
Other income received	2017-09-30	$-57,535
Net income (gross income less expenses)	2017-09-30	$-57,535
Net plan assets at end of year (total assets less liabilities)	2017-09-30	$9,896
Net plan assets at beginning of year (total assets less liabilities)	2017-09-30	$67,431
Assets. Value of employer securities	2017-09-30	$9,896
Total contributions received or receivable from employer(s)	2017-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-09-30	$0
2016 : PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2016 401k financial data
Total income from all sources	2016-09-30	$67,431
Expenses. Total of all expenses incurred	2016-09-30	$0
Total plan assets at end of year	2016-09-30	$67,431
Total plan assets at beginning of year	2016-09-30	$0
Value of fidelity bond covering the plan	2016-09-30	$10,000
Total contributions received or receivable from participants	2016-09-30	$0
Expenses. Other expenses not covered elsewhere	2016-09-30	$0
Contributions received from other sources (not participants or employers)	2016-09-30	$67,431
Net income (gross income less expenses)	2016-09-30	$67,431
Net plan assets at end of year (total assets less liabilities)	2016-09-30	$67,431
Net plan assets at beginning of year (total assets less liabilities)	2016-09-30	$0
Assets. Value of employer securities	2016-09-30	$67,431
Total contributions received or receivable from employer(s)	2016-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-09-30	$0

Form 5500 Responses for PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST

2019: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-10-01	Type of plan entity	Single employer plan
2019-10-01	This submission is the final filing	Yes
2019-10-01	Plan funding arrangement – Trust	Yes
2019-10-01	Plan benefit arrangement - Trust	Yes
2018: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-10-01	Type of plan entity	Single employer plan
2018-10-01	Submission has been amended	Yes
2018-10-01	Plan funding arrangement – Trust	Yes
2018-10-01	Plan benefit arrangement - Trust	Yes
2017: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2017 form 5500 responses
2017-10-01	Type of plan entity	Single employer plan
2017-10-01	Plan funding arrangement – Trust	Yes
2017-10-01	Plan benefit arrangement - Trust	Yes
2016: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2016 form 5500 responses
2016-10-01	Type of plan entity	Single employer plan
2016-10-01	Submission has been amended	No
2016-10-01	This submission is the final filing	No
2016-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-10-01	Plan is a collectively bargained plan	No
2016-10-01	Plan funding arrangement – Trust	Yes
2016-10-01	Plan benefit arrangement - Trust	Yes
2015: PAINT CORPS USA INC PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-10-27	Type of plan entity	Single employer plan
2015-10-27	First time form 5500 has been submitted	Yes
2015-10-27	Submission has been amended	No
2015-10-27	This submission is the final filing	No
2015-10-27	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-10-27	Plan is a collectively bargained plan	No
2015-10-27	Plan funding arrangement – Trust	Yes
2015-10-27	Plan benefit arrangement - Trust	Yes

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Company Name:	PAINT CORPS USA INC
Employer identification number (EIN):	475438006
NAIC Classification:	811490
NAIC Description:	Other Personal and Household Goods Repair and Maintenance

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2015-10-27
Company Identification Number:	P15000088449
Legal Registered Office Address:	5440 HEATHERTON ROAD MILTON 32570