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FRANK PARSONS, INC. 401K SAVINGS PLAN 401k Plan overview

Plan NameFRANK PARSONS, INC. 401K SAVINGS PLAN
Plan identification number 002

FRANK PARSONS, INC. 401K SAVINGS 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FRANK PARSONS INC has sponsored the creation of one or more 401k plans.

Company Name:FRANK PARSONS INC
Employer identification number (EIN):530179108
NAIC Classification:424100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FRANK PARSONS, INC. 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01BRENDA CRICKENBERGER
0022011-01-01BRENDA CRICKENBERGER
0022009-01-01MARY FLECK MARY FLECK2010-10-14

Plan Statistics for FRANK PARSONS, INC. 401K SAVINGS PLAN

401k plan membership statisitcs for FRANK PARSONS, INC. 401K SAVINGS PLAN

Measure Date Value
2012: FRANK PARSONS, INC. 401K SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0149
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: FRANK PARSONS, INC. 401K SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01165
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0149
Total of all active and inactive participants2011-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0149
Number of participants with account balances2011-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: FRANK PARSONS, INC. 401K SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01329
Total number of active participants reported on line 7a of the Form 55002009-01-01274
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0131
Total of all active and inactive participants2009-01-01305
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01305
Number of participants with account balances2009-01-01285
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FRANK PARSONS, INC. 401K SAVINGS PLAN

Measure Date Value
2012 : FRANK PARSONS, INC. 401K SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-01-27$82,597
Expenses. Total of all expenses incurred2012-01-27$1,710,921
Benefits paid (including direct rollovers)2012-01-27$1,710,921
Total plan assets at end of year2012-01-27$0
Total plan assets at beginning of year2012-01-27$1,628,324
Value of fidelity bond covering the plan2012-01-27$1,000,000
Other income received2012-01-27$82,597
Net income (gross income less expenses)2012-01-27$-1,628,324
Net plan assets at end of year (total assets less liabilities)2012-01-27$0
Net plan assets at beginning of year (total assets less liabilities)2012-01-27$1,628,324
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-01-27$0
2011 : FRANK PARSONS, INC. 401K SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$59,145
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$8,675,382
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$8,659,731
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$101,790
Value of total assets at end of year2011-12-31$1,628,324
Value of total assets at beginning of year2011-12-31$10,244,561
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$15,651
Total interest from all sources2011-12-31$57,811
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$6,054
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$6,054
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$101,790
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$201,936
Other income not declared elsewhere2011-12-31$-19,137
Administrative expenses (other) incurred2011-12-31$15,651
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-8,616,237
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,628,324
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$10,244,561
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$98,212
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$629,251
Value of interest in pooled separate accounts at end of year2011-12-31$994,450
Value of interest in pooled separate accounts at beginning of year2011-12-31$5,700,001
Interest on participant loans2011-12-31$1,740
Interest earned on other investments2011-12-31$56,071
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$535,662
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$3,713,373
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-59,406
Net investment gain/loss from pooled separate accounts2011-12-31$-27,967
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$8,659,731
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31MATTHEWS, CARTER & BOYCE, P.C.
Accountancy firm EIN2011-12-31541487262
2010 : FRANK PARSONS, INC. 401K SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,672,809
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$3,445,628
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,444,812
Expenses. Certain deemed distributions of participant loans2010-12-31$4
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$620,805
Value of total assets at end of year2010-12-31$10,244,561
Value of total assets at beginning of year2010-12-31$12,017,380
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$812
Total interest from all sources2010-12-31$126,639
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$6,710
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$6,710
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$520,991
Participant contributions at end of year2010-12-31$201,936
Participant contributions at beginning of year2010-12-31$361,454
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$99,814
Other income not declared elsewhere2010-12-31$110
Administrative expenses (other) incurred2010-12-31$812
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-1,772,819
Value of net assets at end of year (total assets less liabilities)2010-12-31$10,244,561
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,017,380
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$629,251
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$0
Value of interest in pooled separate accounts at end of year2010-12-31$5,700,001
Value of interest in pooled separate accounts at beginning of year2010-12-31$7,272,449
Interest on participant loans2010-12-31$15,301
Interest earned on other investments2010-12-31$111,338
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$3,713,373
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$4,383,477
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$85,333
Net investment gain/loss from pooled separate accounts2010-12-31$833,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,444,812
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MATTHEWS, CARTER & BOYCE, P.C.
Accountancy firm EIN2010-12-31541487262
2009 : FRANK PARSONS, INC. 401K SAVINGS 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 FRANK PARSONS, INC. 401K SAVINGS PLAN

2012: FRANK PARSONS, INC. 401K SAVINGS 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 filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FRANK PARSONS, INC. 401K SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FRANK PARSONS, INC. 401K SAVINGS 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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