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VALLEY TRAINING CENTERS 401(K)PLAN 401k Plan overview

Plan NameVALLEY TRAINING CENTERS 401(K)PLAN
Plan identification number 001

VALLEY TRAINING CENTERS 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VALLEY TRAINING CENTERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:VALLEY TRAINING CENTERS, INC.
Employer identification number (EIN):550677360
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALLEY TRAINING CENTERS 401(K)PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SASHA PEARRELL2024-10-14
0012022-01-01
0012022-01-01SASHA PEARRELL
0012021-01-01SASHA RINKER2022-10-14 SASHA RINKER2022-10-17
0012020-01-01KATHLEEN SALMONS2021-10-11
0012019-01-01KATHLEEN SALMONS2020-07-23 KATHLEEN SALMONS2020-07-23
0012018-01-01KATHLEEN SALMONS2019-07-17 KATHLEEN SALMONS2019-07-17
0012017-01-01KATHLEEN SALMONS2018-06-05 KATHLEEN SALMONS2018-06-05
0012016-01-01KATHLEEN SALMONS2017-07-18 KATHLEEN SALMONS2017-07-18
0012015-01-01MICHELLE WHITTINGTON2016-04-07 MICHELLE WHITTINGTON2016-04-07
0012014-08-01MICHELLE WHITTINGTON2015-09-15 MICHELLE WHITTINGTON2015-09-15

Financial Data on VALLEY TRAINING CENTERS 401(K)PLAN

Measure Date Value
2024 : VALLEY TRAINING CENTERS 401(K)PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-140
Total liabilities as of the end of the plan year2024-10-140
Total liabilities as of the beginning of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-1427911
Net assets as of the end of the plan year2024-10-14547864
Total assets as of the beginning of the plan year2024-10-14432634
Value of plan covered by a fidelity bond2024-10-1410000
Participant contributions to plan in this plan year2024-10-1468650
Other expenses paid from plan in this plan year2024-10-140
Other contributions to plan in this plan year2024-10-148038
Other income to plan in this plan year2024-10-1466453
Plan net income in this plan year2024-10-14115230
Net assets as of the end of the plan year2024-10-14547864
Net assets as of the beginning of the plan year2024-10-14432634
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-14879
2022 : VALLEY TRAINING CENTERS 401(K)PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$72,597
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$22,538
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$18,736
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$148,086
Value of total assets at end of year2022-12-31$432,634
Value of total assets at beginning of year2022-12-31$382,575
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,802
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$76,666
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$71,420
Other income not declared elsewhere2022-12-31$272
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$50,059
Value of net assets at end of year (total assets less liabilities)2022-12-31$432,634
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$382,575
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in common/collective trusts at end of year2022-12-31$432,634
Value of interest in common/collective trusts at beginning of year2022-12-31$382,575
Net investment gain or loss from common/collective trusts2022-12-31$-75,761
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$18,736
Contract administrator fees2022-12-31$3,802
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31URISH POPECK & CO., LLC
Accountancy firm EIN2022-12-31251306171
Total transfers to/from plan in this plan year2022-10-170
Total liabilities as of the end of the plan year2022-10-170
Total liabilities as of the beginning of the plan year2022-10-170
Total expenses incurred by plan in this plan year2022-10-1718963
Net assets as of the end of the plan year2022-10-17382575
Total assets as of the beginning of the plan year2022-10-17283614
Value of plan covered by a fidelity bond2022-10-1710000
Participant contributions to plan in this plan year2022-10-1777687
Other expenses paid from plan in this plan year2022-10-170
Other contributions to plan in this plan year2022-10-170
Other income to plan in this plan year2022-10-1740237
Plan net income in this plan year2022-10-1798961
Net assets as of the end of the plan year2022-10-17382575
Net assets as of the beginning of the plan year2022-10-17283614
Value of contributions failed to transmitted timely2022-10-171474
Employer contributions to plan in this plan year2022-10-170
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-172886
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$72,597
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$22,538
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$18,736
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$148,086
Value of total assets at end of year2022-01-01$432,634
Value of total assets at beginning of year2022-01-01$382,575
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$3,802
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$10,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$76,666
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$71,420
Other income not declared elsewhere2022-01-01$272
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$50,059
Value of net assets at end of year (total assets less liabilities)2022-01-01$432,634
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$382,575
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in common/collective trusts at end of year2022-01-01$432,634
Value of interest in common/collective trusts at beginning of year2022-01-01$382,575
Net investment gain or loss from common/collective trusts2022-01-01$-75,761
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$18,736
Contract administrator fees2022-01-01$3,802
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01URISH POPECK & CO., LLC
Accountancy firm EIN2022-01-01251306171

Form 5500 Responses for VALLEY TRAINING CENTERS 401(K)PLAN

2022: VALLEY TRAINING CENTERS 401(K)PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number715416
Policy instance 2

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