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S.A.I., INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameS.A.I., INC. PROFIT SHARING PLAN AND TRUST
Plan identification number 001

S.A.I., INC. PROFIT SHARING PLAN AND TRUST 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
  • 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

S.A.I., INC. has sponsored the creation of one or more 401k plans.

Company Name:S.A.I., INC.
Employer identification number (EIN):590993472
NAIC Classification:335310

Additional information about S.A.I., INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1962-10-01
Company Identification Number: 263157
Legal Registered Office Address: 2595 24TH AVENUE NORTH

ST. PETERSBURG

33713

More information about S.A.I., INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S.A.I., INC. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01TED SHANNON2023-08-31
0012021-01-01ROBERT SHANNON2022-04-05
0012020-01-01ROBERT SHANNON2021-04-23
0012019-01-01ROBERT SHANNON2020-04-21
0012018-01-01ROBERT SHANNON2019-05-23
0012017-01-01ROBERT SHANNON2018-04-02
0012016-01-01ROBERT SHANNON2017-02-24
0012015-01-01ROBERT SHANNON2016-04-08
0012014-01-01ROBERT SHANNON2015-03-26
0012013-01-01ROBERT SHANNON2014-03-26
0012012-01-01ROBERT SHANNON2013-06-28
0012011-01-01ROBERT SHANNON
0012010-01-01ROBERT F. SHANNON
0012009-01-01ROBERT F. SHANNON ROBERT F. SHANNON2010-08-11

Plan Statistics for S.A.I., INC. PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for S.A.I., INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2011: S.A.I., INC. PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0118
Total number of active participants reported on line 7a of the Form 55002011-01-0116
Number of retired or separated participants receiving benefits2011-01-012
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0118
Number of participants with account balances2011-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: S.A.I., INC. PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0119
Total number of active participants reported on line 7a of the Form 55002010-01-0115
Number of retired or separated participants receiving benefits2010-01-012
Total of all active and inactive participants2010-01-0117
Total participants2010-01-0117
Number of participants with account balances2010-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: S.A.I., INC. PROFIT SHARING 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 55002009-01-0117
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0117
Number of participants with account balances2009-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on S.A.I., INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2011 : S.A.I., INC. PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$270,161
Expenses. Total of all expenses incurred2011-12-31$21,250
Benefits paid (including direct rollovers)2011-12-31$21,250
Total plan assets at end of year2011-12-31$2,342,690
Total plan assets at beginning of year2011-12-31$2,093,779
Value of fidelity bond covering the plan2011-12-31$200,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$98,398
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$248,911
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,342,690
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,093,779
Total contributions received or receivable from employer(s)2011-12-31$171,763
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : S.A.I., INC. PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$375,593
Total income from all sources2010-12-31$322,757
Expenses. Total of all expenses incurred2010-12-31$152,437
Benefits paid (including direct rollovers)2010-12-31$152,437
Total plan assets at end of year2010-12-31$2,093,779
Total plan assets at beginning of year2010-12-31$1,547,866
Value of fidelity bond covering the plan2010-12-31$200,000
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$146,478
Net income (gross income less expenses)2010-12-31$170,320
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,093,779
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,547,866
Assets. Value of participant loans2010-12-31$89,726
Assets. Value of assets in partnership/joint-venture interests2010-12-31$4,546
Total contributions received or receivable from employer(s)2010-12-31$176,279
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for S.A.I., INC. PROFIT SHARING PLAN AND TRUST

2011: S.A.I., INC. PROFIT SHARING 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: S.A.I., INC. PROFIT SHARING 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 – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: S.A.I., INC. PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

SECURITY MUTUAL LIFE INSURANCE COMPANY OF NY (National Association of Insurance Commissioners NAIC id number: 68772 )
Policy contract numberPT5 5593
Policy instance 1
Insurance contract or identification numberPT5 5593
Number of Individuals Covered7
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
SECURITY MUTUAL LIFE INSURANCE COMPANY OF NY (National Association of Insurance Commissioners NAIC id number: 68772 )
Policy contract numberPT5 5593
Policy instance 1
Insurance contract or identification numberPT5 5593
Number of Individuals Covered7
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?Yes

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