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PENNCO, INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NamePENNCO, INC. PROFIT SHARING PLAN AND TRUST
Plan identification number 001

PENNCO, INC. PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing

401k Sponsoring company profile

PENNCO, INC. has sponsored the creation of one or more 401k plans.

Company Name:PENNCO, INC.
Employer identification number (EIN):610505972
NAIC Classification:332900

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01SHEILA PENNINGTON2016-10-07 SHEILA PENNINGTON2016-10-07
0012014-01-01SHEILA PENNINGTON
0012013-01-01BRIAN SALYER
0012012-01-01BRIAN SALYER
0012011-01-01BRIAN SALYER
0012009-01-01BRIAN SALYER
0012009-01-01BRIAN SALYER
0012009-01-01BRIAN SALYER
0012009-01-01BRIAN SALYER
0012009-01-01BRIAN SALYER

Plan Statistics for PENNCO, INC. PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for PENNCO, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2014: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-01102
Total number of active participants reported on line 7a of the Form 55002014-01-015
Number of other retired or separated participants entitled to future benefits2014-01-0166
Total of all active and inactive participants2014-01-0171
Total participants2014-01-0171
Number of participants with account balances2014-01-0171
2013: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-01104
Total number of active participants reported on line 7a of the Form 55002013-01-0151
Number of other retired or separated participants entitled to future benefits2013-01-0151
Total of all active and inactive participants2013-01-01102
Total participants2013-01-01102
Number of participants with account balances2013-01-0190
2012: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-01106
Total number of active participants reported on line 7a of the Form 55002012-01-0153
Number of other retired or separated participants entitled to future benefits2012-01-0151
Total of all active and inactive participants2012-01-01104
Total participants2012-01-01104
Number of participants with account balances2012-01-0193
2011: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-01106
Total number of active participants reported on line 7a of the Form 55002011-01-0156
Number of other retired or separated participants entitled to future benefits2011-01-0150
Total of all active and inactive participants2011-01-01106
Total participants2011-01-01106
Number of participants with account balances2011-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2009: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01116
Total number of active participants reported on line 7a of the Form 55002009-01-0170
Number of other retired or separated participants entitled to future benefits2009-01-0144
Total of all active and inactive participants2009-01-01114
Total participants2009-01-01114
Number of participants with account balances2009-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0114

Financial Data on PENNCO, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2014 : PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$90,821
Total of all expenses incurred2014-12-31$147,906
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$127,163
Value of total assets at end of year2014-12-31$1,569,288
Value of total assets at beginning of year2014-12-31$1,626,373
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$20,743
Total interest from all sources2014-12-31$6
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$50,684
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$50,684
Administrative expenses professional fees incurred2014-12-31$7,465
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2014-12-310
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-57,085
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,569,288
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,626,373
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,475,209
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,562,404
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$94,079
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$63,969
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$63,969
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$6
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$40,131
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$127,163
Contract administrator fees2014-12-31$13,278
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31SOMERVILLE & COMPANY, P.L.L.C.
Accountancy firm EIN2014-12-31550372924
2013 : PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$171,554
Total of all expenses incurred2013-12-31$183,667
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$163,144
Value of total assets at end of year2013-12-31$1,626,373
Value of total assets at beginning of year2013-12-31$1,638,486
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$20,523
Total interest from all sources2013-12-31$8
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$57,496
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$57,496
Administrative expenses professional fees incurred2013-12-31$7,250
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2013-12-310
Minimum employer required contribution for this plan year2013-12-31$0
Amount contributed by the employer to the plan for this plan year2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-12,113
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,626,373
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,638,486
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,562,404
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,626,800
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$63,969
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$11,686
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$11,686
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$8
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$114,050
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$163,144
Contract administrator fees2013-12-31$13,273
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31SOMERVILLE & COMPANY, P.L.L.C.
Accountancy firm EIN2013-12-31550372924
2012 : PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$155,740
Total of all expenses incurred2012-12-31$63,550
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$42,958
Value of total assets at end of year2012-12-31$1,638,486
Value of total assets at beginning of year2012-12-31$1,546,296
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$20,592
Total interest from all sources2012-12-31$17
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$62,405
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$62,405
Administrative expenses professional fees incurred2012-12-31$7,743
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2012-12-310
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$92,190
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,638,486
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,546,296
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$1,626,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,525,290
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$11,686
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$21,006
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$21,006
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$17
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$93,318
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$42,958
Contract administrator fees2012-12-31$12,849
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31SOMERVILLE & COMPANY, P.L.L.C.
Accountancy firm EIN2012-12-31550372924
2011 : PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$26,771
Total of all expenses incurred2011-12-31$79,913
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$57,798
Value of total assets at end of year2011-12-31$1,546,296
Value of total assets at beginning of year2011-12-31$1,599,438
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$22,115
Total interest from all sources2011-12-31$37
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$60,574
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$60,574
Administrative expenses professional fees incurred2011-12-31$9,481
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Other income not declared elsewhere2011-12-31$68
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-53,142
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,546,296
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,599,438
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$1,525,290
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,550,042
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$21,006
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$49,396
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$49,396
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$37
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-33,908
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$57,798
Contract administrator fees2011-12-31$12,634
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)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31SOMERVILLE & COMPANY, P.L.L.C.
Accountancy firm EIN2011-12-31550372924
2010 : PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2010 401k financial data
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$3,389
Total income from all sources (including contributions)2010-12-31$139,546
Total of all expenses incurred2010-12-31$76,037
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$52,494
Value of total assets at end of year2010-12-31$1,599,438
Value of total assets at beginning of year2010-12-31$1,539,318
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$23,543
Total interest from all sources2010-12-31$268
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$55,894
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$55,894
Administrative expenses professional fees incurred2010-12-31$10,284
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
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
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$3,389
Administrative expenses (other) incurred2010-12-31$561
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$63,509
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,599,438
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,535,929
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$1,550,042
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,032,088
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$49,396
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$507,230
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$507,230
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$268
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$83,384
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$52,494
Contract administrator fees2010-12-31$12,698
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)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31SOMERVILLE & COMPANY, P.L.L.C.
Accountancy firm EIN2010-12-31550372924

Form 5500 Responses for PENNCO, INC. PROFIT SHARING PLAN AND TRUST

2014: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PENNCO, INC. PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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