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IMPACT RESOURCES 401(K) PLAN 401k Plan overview

Plan NameIMPACT RESOURCES 401(K) PLAN
Plan identification number 001

IMPACT RESOURCES 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

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

Company Name:IMPACT RESOURCES, INC.
Employer identification number (EIN):522198154
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Additional information about IMPACT RESOURCES, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2011-12-21
Company Identification Number: F188266
Legal Registered Office Address: 7288 HANOVER GREEN DRIVE

MECHANICSVILLE
United States of America (USA)
23111

More information about IMPACT RESOURCES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IMPACT RESOURCES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01HENRY FRIEDMAN2017-09-27
0012015-01-01HENRY FRIEDMAN2016-07-25
0012014-01-01
0012013-01-01
0012012-01-01BERNARDINA FULK
0012011-01-01BERNARDINA FULK2012-06-20
0012010-01-01BERNARDINA FULK2011-07-20
0012009-01-01HENRY FRIEDMAN

Plan Statistics for IMPACT RESOURCES 401(K) PLAN

401k plan membership statisitcs for IMPACT RESOURCES 401(K) PLAN

Measure Date Value
2012: IMPACT RESOURCES 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01124
Total number of active participants reported on line 7a of the Form 55002012-01-0155
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0119
Total of all active and inactive participants2012-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0174
Number of participants with account balances2012-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-019
2009: IMPACT RESOURCES 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0145
Total number of active participants reported on line 7a of the Form 55002009-01-0151
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0156
Number of participants with account balances2009-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on IMPACT RESOURCES 401(K) PLAN

Measure Date Value
2012 : IMPACT RESOURCES 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$933,117
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$146,521
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$115,789
Expenses. Certain deemed distributions of participant loans2012-12-31$30,107
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$730,671
Value of total assets at end of year2012-12-31$2,533,498
Value of total assets at beginning of year2012-12-31$1,746,902
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$625
Total interest from all sources2012-12-31$1,789
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$46,721
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$46,721
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$175,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$521,246
Participant contributions at end of year2012-12-31$13,249
Participant contributions at beginning of year2012-12-31$28,318
Assets. Other investments not covered elsewhere at end of year2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$39,322
Administrative expenses (other) incurred2012-12-31$625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$786,596
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,533,498
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,746,902
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,019,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,379,866
Interest on participant loans2012-12-31$1,789
Value of interest in common/collective trusts at end of year2012-12-31$500,457
Value of interest in common/collective trusts at beginning of year2012-12-31$338,718
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$152,792
Net investment gain or loss from common/collective trusts2012-12-31$1,144
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$170,103
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$115,789
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31SANTOS, POSTAL AND COMPANY
Accountancy firm EIN2012-12-31521659352
2009 : IMPACT RESOURCES 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for IMPACT RESOURCES 401(K) PLAN

2012: IMPACT RESOURCES 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2009: IMPACT RESOURCES 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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