401k Plan data: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST plan

PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number	001

PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND 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.
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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.

401k Sponsoring company profile

PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC.

Employer identification number (EIN): 521477591

NAIC Classification: 541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 JOHN ANSAY 2023-09-27
001 2021-01-01 JOHN ANSAY 2022-09-29
001 2020-01-01 JOHN ANSAY 2022-10-04
001 2019-01-01 JOHN ANSAY 2020-10-14
001 2018-01-01 JOHN ANSAY 2019-07-01
001 2017-01-01 JOHN ANSAY 2018-07-31
001 2016-01-01 JOHN ANSAY 2017-07-28
001 2015-01-01 JOHN ANSAY 2016-07-06
001 2014-01-01 LILY FERNANDEZ RICHARDSON 2015-10-06
001 2013-01-01 LILY FERNANDEZ RICHARDSON
001 2012-01-01 LILY FERNANDEZ RICHARDSON
001 2011-01-01 MICHAEL CAREY 2012-09-27
001 2010-01-01 MICHAEL CAREY 2011-09-21
001 2009-01-01 MICHAEL CAREY

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	JOHN ANSAY	2023-09-27
001	2021-01-01	JOHN ANSAY	2022-09-29
001	2020-01-01	JOHN ANSAY	2022-10-04
001	2019-01-01	JOHN ANSAY	2020-10-14
001	2018-01-01	JOHN ANSAY	2019-07-01
001	2017-01-01	JOHN ANSAY	2018-07-31
001	2016-01-01	JOHN ANSAY	2017-07-28
001	2015-01-01	JOHN ANSAY	2016-07-06
001	2014-01-01	LILY FERNANDEZ RICHARDSON	2015-10-06
001	2013-01-01	LILY FERNANDEZ RICHARDSON
001	2012-01-01	LILY FERNANDEZ RICHARDSON
001	2011-01-01	MICHAEL CAREY	2012-09-27
001	2010-01-01	MICHAEL CAREY	2011-09-21
001	2009-01-01	MICHAEL CAREY

Plan Statistics for PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2013: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 43
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 44
Total of all active and inactive participants 2013-01-01 87
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 87
Number of participants with account balances 2013-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 134
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 63
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 58
Total of all active and inactive participants 2012-01-01 121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 121
Number of participants with account balances 2012-01-01 110
2009: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 104
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 83
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 12
Total of all active and inactive participants 2009-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 95
Number of participants with account balances 2009-01-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 7

Measure	Date	Value
2013: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	43
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	44
Total of all active and inactive participants	2013-01-01	87
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	87
Number of participants with account balances	2013-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	134
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	63
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	58
Total of all active and inactive participants	2012-01-01	121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	121
Number of participants with account balances	2012-01-01	110
2009: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	104
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	83
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	12
Total of all active and inactive participants	2009-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	95
Number of participants with account balances	2009-01-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	7

Financial Data on PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2013 : PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources (including contributions)	2013-12-31	$537,702
Total of all expenses incurred	2013-12-31	$306,749
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$297,012
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$214,517
Value of total assets at end of year	2013-12-31	$2,111,065
Value of total assets at beginning of year	2013-12-31	$1,880,112
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$9,737
Total interest from all sources	2013-12-31	$3,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$297,012
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$145,514
Participant contributions at end of year	2013-12-31	$108,025
Participant contributions at beginning of year	2013-12-31	$79,764
Participant contributions at end of year	2013-12-31	$0
Participant contributions at beginning of year	2013-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$230,953
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$2,111,065
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$1,880,112
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Investment advisory and management fees	2013-12-31	$9,737
Value of interest in pooled separate accounts at end of year	2013-12-31	$1,898,632
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$1,683,086
Interest on participant loans	2013-12-31	$3,683
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2013-12-31	$102,489
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2013-12-31	$117,262
Expenses. Payments to insurance carriers foe the provision of benefits	2013-12-31	$297,012
Net investment gain/loss from pooled separate accounts	2013-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$69,003
Employer contributions (assets) at end of year	2013-12-31	$1,919
Employer contributions (assets) at beginning of year	2013-12-31	$0
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN	2013-12-31	541149263
2012 : PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$468,458
Total of all expenses incurred	2012-12-31	$191,165
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$182,667
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$296,504
Value of total assets at end of year	2012-12-31	$1,880,112
Value of total assets at beginning of year	2012-12-31	$1,602,819
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$8,498
Total interest from all sources	2012-12-31	$1,614
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$182,667
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$196,070
Participant contributions at end of year	2012-12-31	$79,764
Participant contributions at beginning of year	2012-12-31	$25,961
Participant contributions at beginning of year	2012-12-31	$7,939
Other income not declared elsewhere	2012-12-31	$2,260
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$277,293
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$1,880,112
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$1,602,819
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in pooled separate accounts at end of year	2012-12-31	$1,683,086
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$1,456,649
Interest on participant loans	2012-12-31	$1,614
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$117,262
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$108,136
Net investment gain/loss from pooled separate accounts	2012-12-31	$168,080
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$100,434
Employer contributions (assets) at end of year	2012-12-31	$0
Employer contributions (assets) at beginning of year	2012-12-31	$4,134
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$182,667
Contract administrator fees	2012-12-31	$8,498
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	YOUNT, HYDE & BARBOUR, P.C.
Accountancy firm EIN	2012-12-31	541149263
2009 : PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

2013: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2009: PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

801-404-000

Policy instance

Insurance contract or identification number	801-404-000
Number of Individuals Covered	87
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $7,606
Total amount of fees paid to insurance company	USD $938
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $7,606
Insurance broker organization code?	3
Amount paid for insurance broker fees	938
Insurance broker name	LAFAYETTE LIFE INSURANCE COMPNAY

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

801-404-000

Policy instance

Insurance contract or identification number	801-404-000
Number of Individuals Covered	110
Insurance policy start date	2012-01-01
Insurance policy end date	2012-12-31
Total amount of commissions paid to insurance broker	USD $6,784
Total amount of fees paid to insurance company	USD $844
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $6,784
Insurance broker organization code?	3
Amount paid for insurance broker fees	844
Insurance broker name	LAFAYETTE LIFE INSURANCE COMPNAY

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Company Name:	PROFESSIONAL & SCIENTIFIC ASSOCIATES, INC.
Employer identification number (EIN):	521477591
NAIC Classification:	541600