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PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 401k Plan overview

Plan NamePRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST
Plan identification number 001

PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 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.
  • 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.
  • 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

PRECISION MANAGEMENT SOLUTIONS has sponsored the creation of one or more 401k plans.

Company Name:PRECISION MANAGEMENT SOLUTIONS
Employer identification number (EIN):541971870
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01JOHN P. MAGEE2015-01-17
0012013-01-01JOHN P. MAGEE2014-06-19
0012012-01-01JOHN P. MAGEE2013-08-25
0012011-01-01JOHN P. MAGEE
0012010-01-01JOHN P. MAGEE
0012009-01-01JOHN P. MAGEE JOHN P. MAGEE2010-04-22

Plan Statistics for PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST

401k plan membership statisitcs for PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST

Measure Date Value
2011: PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0114
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 benefits2011-01-019
Total of all active and inactive participants2011-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-019
Number of participants with account balances2011-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0118
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0114
Total of all active and inactive participants2010-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0114
Number of participants with account balances2010-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0117
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0113
Total of all active and inactive participants2009-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0118
Number of participants with account balances2009-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST

Measure Date Value
2011 : PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$-52,470
Expenses. Total of all expenses incurred2011-12-31$81,315
Benefits paid (including direct rollovers)2011-12-31$79,677
Total plan assets at end of year2011-12-31$179,555
Total plan assets at beginning of year2011-12-31$313,340
Other income received2011-12-31$-52,470
Net income (gross income less expenses)2011-12-31$-133,785
Net plan assets at end of year (total assets less liabilities)2011-12-31$179,555
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$313,340
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,638
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$52,033
Expenses. Total of all expenses incurred2010-12-31$117,599
Benefits paid (including direct rollovers)2010-12-31$106,103
Total plan assets at end of year2010-12-31$313,340
Total plan assets at beginning of year2010-12-31$378,906
Total contributions received or receivable from participants2010-12-31$10,296
Contributions received from other sources (not participants or employers)2010-12-31$359
Other income received2010-12-31$36,747
Net income (gross income less expenses)2010-12-31$-65,566
Net plan assets at end of year (total assets less liabilities)2010-12-31$313,340
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$378,906
Total contributions received or receivable from employer(s)2010-12-31$4,631
Value of certain deemed distributions of participant loans2010-12-31$9,367
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,129
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 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 PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST

2011: PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PRECISION MANAGEMENT SOLUTIONS 401K PLAN AND TRUST 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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