401k Plan data: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN plan

WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 401k Plan overview

Plan Name	WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN
Plan identification number	001

WPCS INTERNATIONAL - SUISUN CITY, 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

WPCS INTERNATIONAL - SUISUN CITY, INC. has sponsored the creation of one or more 401k plans.

Company Name: WPCS INTERNATIONAL - SUISUN CITY, INC.

Employer identification number (EIN): 680397652

NAIC Classification: 238210
NAIC Description: Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01

Plan Statistics for WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN

401k plan membership statisitcs for WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN

Measure Date Value
2023: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 35
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 12
Number of other retired or separated participants entitled to future benefits 2023-01-01 29
Total of all active and inactive participants 2023-01-01 41
Total participants 2023-01-01 41
Number of participants with account balances 2023-01-01 41
2022: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 10
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 25
Total of all active and inactive participants 2022-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 35
Number of participants with account balances 2022-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 14
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 27
Total of all active and inactive participants 2021-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 41
Number of participants with account balances 2021-01-01 39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 51
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 18
Number of other retired or separated participants entitled to future benefits 2020-01-01 29
Total of all active and inactive participants 2020-01-01 47
Total participants 2020-01-01 47
Number of participants with account balances 2020-01-01 45
2019: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 19
Number of other retired or separated participants entitled to future benefits 2019-01-01 32
Total of all active and inactive participants 2019-01-01 51
Total participants 2019-01-01 51
Number of participants with account balances 2019-01-01 50
2018: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 55
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 16
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 33
Total of all active and inactive participants 2018-01-01 49
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 49
Number of participants with account balances 2018-01-01 45
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2023: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	35
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	12
Number of other retired or separated participants entitled to future benefits	2023-01-01	29
Total of all active and inactive participants	2023-01-01	41
Total participants	2023-01-01	41
Number of participants with account balances	2023-01-01	41
2022: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	10
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	25
Total of all active and inactive participants	2022-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	35
Number of participants with account balances	2022-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	14
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	27
Total of all active and inactive participants	2021-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	41
Number of participants with account balances	2021-01-01	39
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	51
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	18
Number of other retired or separated participants entitled to future benefits	2020-01-01	29
Total of all active and inactive participants	2020-01-01	47
Total participants	2020-01-01	47
Number of participants with account balances	2020-01-01	45
2019: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	19
Number of other retired or separated participants entitled to future benefits	2019-01-01	32
Total of all active and inactive participants	2019-01-01	51
Total participants	2019-01-01	51
Number of participants with account balances	2019-01-01	50
2018: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	55
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	16
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	33
Total of all active and inactive participants	2018-01-01	49
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	49
Number of participants with account balances	2018-01-01	45
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN

Measure	Date	Value
2023 : WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$344,610
Expenses. Total of all expenses incurred	2023-12-31	$30,800
Benefits paid (including direct rollovers)	2023-12-31	$30,800
Total plan assets at end of year	2023-12-31	$2,367,811
Total plan assets at beginning of year	2023-12-31	$2,054,001
Value of fidelity bond covering the plan	2023-12-31	$2,500,000
Assets. Value of tangible personal property	2023-12-31	$0
Total contributions received or receivable from participants	2023-12-31	$42,340
Assets. Value of loans (other than to participants)	2023-12-31	$0
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$0
Other income received	2023-12-31	$302,270
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$313,810
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$2,367,811
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$2,054,001
Assets. Value of participant loans	2023-12-31	$60,255
Assets. Value of assets in partnership/joint-venture interests	2023-12-31	$0
Assets. Value of real-estate (other than employer real property)	2023-12-31	$0
Assets. Value of employer securities	2023-12-31	$0
Assets. Value of employer real property	2023-12-31	$0
Total contributions received or receivable from employer(s)	2023-12-31	$0
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$0
2022 : WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-379,910
Expenses. Total of all expenses incurred	2022-12-31	$236,437
Benefits paid (including direct rollovers)	2022-12-31	$236,412
Total plan assets at end of year	2022-12-31	$2,054,001
Total plan assets at beginning of year	2022-12-31	$2,670,348
Value of fidelity bond covering the plan	2022-12-31	$2,500,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$53,179
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-433,089
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-616,347
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$2,054,001
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$2,670,348
Assets. Value of participant loans	2022-12-31	$25,905
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$0
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$25
2021 : WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$377,331
Expenses. Total of all expenses incurred	2021-12-31	$635,903
Benefits paid (including direct rollovers)	2021-12-31	$635,548
Total plan assets at end of year	2021-12-31	$2,670,348
Total plan assets at beginning of year	2021-12-31	$2,928,920
Value of fidelity bond covering the plan	2021-12-31	$2,500,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$72,970
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$304,361
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$-258,572
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$2,670,348
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$2,928,920
Assets. Value of participant loans	2021-12-31	$45,305
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$0
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$355
2020 : WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$459,006
Expenses. Total of all expenses incurred	2020-12-31	$798,738
Benefits paid (including direct rollovers)	2020-12-31	$797,978
Total plan assets at end of year	2020-12-31	$2,928,920
Total plan assets at beginning of year	2020-12-31	$3,268,652
Value of fidelity bond covering the plan	2020-12-31	$2,500,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$82,120
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$376,886
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$-339,732
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$2,928,920
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$3,268,652
Assets. Value of participant loans	2020-12-31	$35,435
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$0
Value of certain deemed distributions of participant loans	2020-12-31	$710
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$50
2019 : WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$681,440
Expenses. Total of all expenses incurred	2019-12-31	$511,576
Benefits paid (including direct rollovers)	2019-12-31	$508,393
Total plan assets at end of year	2019-12-31	$3,268,652
Total plan assets at beginning of year	2019-12-31	$3,098,788
Value of fidelity bond covering the plan	2019-12-31	$2,500,000
Total contributions received or receivable from participants	2019-12-31	$70,513
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$610,927
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$169,864
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$3,268,652
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$3,098,788
Assets. Value of participant loans	2019-12-31	$49,365
Total contributions received or receivable from employer(s)	2019-12-31	$0
Value of certain deemed distributions of participant loans	2019-12-31	$3,083
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$100
2018 : WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$-201,820
Expenses. Total of all expenses incurred	2018-12-31	$586,430
Benefits paid (including direct rollovers)	2018-12-31	$586,430
Total plan assets at end of year	2018-12-31	$3,098,788
Total plan assets at beginning of year	2018-12-31	$3,887,038
Value of fidelity bond covering the plan	2018-12-31	$2,500,000
Total contributions received or receivable from participants	2018-12-31	$82,422
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-284,242
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-788,250
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$3,098,788
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,887,038
Assets. Value of participant loans	2018-12-31	$26,968
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0

Form 5500 Responses for WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN

2023: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: WPCS INTERNATIONAL - SUISUN CITY, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

WPCS INTERNATIONAL INC. 401(K) PLAN [EIN = 980204758]

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Company Name:	WPCS INTERNATIONAL - SUISUN CITY, INC.
Employer identification number (EIN):	680397652
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors