401k Plan data: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN plan

COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 401k Plan overview

Plan Name	COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN
Plan identification number	003

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

401k Sponsoring company profile

COMMONWEALTH TECHNOLOGY INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name: COMMONWEALTH TECHNOLOGY INCORPORATED

Employer identification number (EIN): 540830764

NAIC Classification: 339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2014-10-01 MICHELLE STARK
003 2013-10-01 MICHELLE STARK
003 2012-10-01 GREGORY YADZINSKI 2015-07-13
003 2011-10-01 PAUL MCCANN 2013-05-17
003 2010-10-01 PAUL MCCANN 2012-07-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2014-10-01	MICHELLE STARK
003	2013-10-01	MICHELLE STARK
003	2012-10-01	GREGORY YADZINSKI	2015-07-13
003	2011-10-01	PAUL MCCANN	2013-05-17
003	2010-10-01	PAUL MCCANN	2012-07-06

Plan Statistics for COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN

401k plan membership statisitcs for COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN

Measure Date Value
2014: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-10-01 149
Total number of active participants reported on line 7a of the Form 5500 2014-10-01 0
Number of retired or separated participants receiving benefits 2014-10-01 0
Number of other retired or separated participants entitled to future benefits 2014-10-01 0
Total of all active and inactive participants 2014-10-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-10-01 0
Total participants 2014-10-01 0
Number of participants with account balances 2014-10-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-10-01 0
2013: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-10-01 125
Total number of active participants reported on line 7a of the Form 5500 2013-10-01 88
Number of retired or separated participants receiving benefits 2013-10-01 0
Number of other retired or separated participants entitled to future benefits 2013-10-01 61
Total of all active and inactive participants 2013-10-01 149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-10-01 0
Total participants 2013-10-01 149
Number of participants with account balances 2013-10-01 140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-10-01 4

Measure	Date	Value
2014: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-10-01	149
Total number of active participants reported on line 7a of the Form 5500	2014-10-01	0
Number of retired or separated participants receiving benefits	2014-10-01	0
Number of other retired or separated participants entitled to future benefits	2014-10-01	0
Total of all active and inactive participants	2014-10-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-10-01	0
Total participants	2014-10-01	0
Number of participants with account balances	2014-10-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-10-01	0
2013: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-10-01	125
Total number of active participants reported on line 7a of the Form 5500	2013-10-01	88
Number of retired or separated participants receiving benefits	2013-10-01	0
Number of other retired or separated participants entitled to future benefits	2013-10-01	61
Total of all active and inactive participants	2013-10-01	149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-10-01	0
Total participants	2013-10-01	149
Number of participants with account balances	2013-10-01	140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-10-01	4

Financial Data on COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN

Measure	Date	Value
2015 : COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2015 401k financial data
Total transfer of assets from this plan	2015-09-30	$12,583,785
Total income from all sources (including contributions)	2015-09-30	$1,551,680
Total of all expenses incurred	2015-09-30	$3,825,174
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-09-30	$3,811,250
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-09-30	$1,632,884
Value of total assets at end of year	2015-09-30	$0
Value of total assets at beginning of year	2015-09-30	$14,857,279
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-09-30	$13,924
Total interest from all sources	2015-09-30	$5,033
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-09-30	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2015-09-30	$0
Was this plan covered by a fidelity bond	2015-09-30	Yes
Value of fidelity bond cover	2015-09-30	$1,000,000
If this is an individual account plan, was there a blackout period	2015-09-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-09-30	$0
Were there any nonexempt tranactions with any party-in-interest	2015-09-30	No
Contributions received from participants	2015-09-30	$215,945
Participant contributions at end of year	2015-09-30	$0
Participant contributions at beginning of year	2015-09-30	$188,635
Income. Received or receivable in cash from other sources (including rollovers)	2015-09-30	$1,256,582
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-09-30	No
Value of net income/loss	2015-09-30	$-2,273,494
Value of net assets at end of year (total assets less liabilities)	2015-09-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2015-09-30	$14,857,279
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-09-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-09-30	No
Were any leases to which the plan was party in default or uncollectible	2015-09-30	No
Value of interest in pooled separate accounts at end of year	2015-09-30	$0
Value of interest in pooled separate accounts at beginning of year	2015-09-30	$14,668,644
Interest on participant loans	2015-09-30	$5,033
Net investment gain/loss from pooled separate accounts	2015-09-30	$-86,237
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-09-30	No
Was there a failure to transmit to the plan any participant contributions	2015-09-30	No
Has the plan failed to provide any benefit when due under the plan	2015-09-30	No
Contributions received in cash from employer	2015-09-30	$160,357
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-09-30	$3,811,250
Contract administrator fees	2015-09-30	$13,924
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2015-09-30	No
Did the plan have assets held for investment	2015-09-30	No
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	2015-09-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-09-30	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-09-30	Yes
Opinion of an independent qualified public accountant for this plan	2015-09-30	Disclaimer
Accountancy firm name	2015-09-30	KREISCHER MILLER
Accountancy firm EIN	2015-09-30	231980475
2014 : COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2014 401k financial data
Total transfer of assets to this plan	2014-09-30	$763,521
Total income from all sources (including contributions)	2014-09-30	$5,519,024
Total of all expenses incurred	2014-09-30	$2,193,527
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-09-30	$2,178,835
Value of total corrective distributions	2014-09-30	$5,002
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-09-30	$4,341,303
Value of total assets at end of year	2014-09-30	$14,857,279
Value of total assets at beginning of year	2014-09-30	$10,768,261
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-09-30	$9,690
Total interest from all sources	2014-09-30	$6,287
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-09-30	No
Was this plan covered by a fidelity bond	2014-09-30	Yes
Value of fidelity bond cover	2014-09-30	$1,000,000
If this is an individual account plan, was there a blackout period	2014-09-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-09-30	$0
Were there any nonexempt tranactions with any party-in-interest	2014-09-30	No
Contributions received from participants	2014-09-30	$714,302
Participant contributions at end of year	2014-09-30	$188,635
Participant contributions at beginning of year	2014-09-30	$184,836
Income. Received or receivable in cash from other sources (including rollovers)	2014-09-30	$3,118,309
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-09-30	No
Value of net income/loss	2014-09-30	$3,325,497
Value of net assets at end of year (total assets less liabilities)	2014-09-30	$14,857,279
Value of net assets at beginning of year (total assets less liabilities)	2014-09-30	$10,768,261
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-09-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-09-30	No
Were any leases to which the plan was party in default or uncollectible	2014-09-30	No
Value of interest in pooled separate accounts at end of year	2014-09-30	$14,668,644
Value of interest in pooled separate accounts at beginning of year	2014-09-30	$10,583,425
Interest on participant loans	2014-09-30	$6,287
Net investment gain/loss from pooled separate accounts	2014-09-30	$1,171,434
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-09-30	No
Was there a failure to transmit to the plan any participant contributions	2014-09-30	No
Has the plan failed to provide any benefit when due under the plan	2014-09-30	No
Contributions received in cash from employer	2014-09-30	$508,692
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-09-30	$2,178,835
Contract administrator fees	2014-09-30	$9,690
Did the plan have assets held for investment	2014-09-30	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	2014-09-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-09-30	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-09-30	Yes
Opinion of an independent qualified public accountant for this plan	2014-09-30	Disclaimer
Accountancy firm name	2014-09-30	KREISCHER MILLER
Accountancy firm EIN	2014-09-30	231980475

Form 5500 Responses for COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN

2014: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2014 form 5500 responses
2014-10-01	Type of plan entity	Single employer plan
2014-10-01	This submission is the final filing	Yes
2014-10-01	Plan funding arrangement – Insurance	Yes
2014-10-01	Plan funding arrangement – Trust	Yes
2014-10-01	Plan benefit arrangement – Insurance	Yes
2014-10-01	Plan benefit arrangement - Trust	Yes
2013: COMMONWEALTH TECHNOLOGY, INC 401(K) PLAN 2013 form 5500 responses
2013-10-01	Type of plan entity	Single employer plan
2013-10-01	Plan funding arrangement – Insurance	Yes
2013-10-01	Plan funding arrangement – Trust	Yes
2013-10-01	Plan benefit arrangement – Insurance	Yes
2013-10-01	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

991993-000

Policy instance

Insurance contract or identification number	991993-000
Number of Individuals Covered	0
Insurance policy start date	2014-10-01
Insurance policy end date	2015-09-30
Total amount of commissions paid to insurance broker	USD $36,078
Total amount of fees paid to insurance company	USD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $36,078
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	PHYLYP A WAGNER

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

Policy contract number

991993-000

Policy instance

Insurance contract or identification number	991993-000
Number of Individuals Covered	140
Insurance policy start date	2013-10-01
Insurance policy end date	2014-09-30
Total amount of commissions paid to insurance broker	USD $32,004
Total amount of fees paid to insurance company	USD $0
Commission paid to Insurance Broker	USD $32,004
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	PHYLYP A WAGNER

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	COMMONWEALTH TECHNOLOGY INCORPORATED
Employer identification number (EIN):	540830764
NAIC Classification:	339900