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TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameTELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

TELENETWORK PARTNERS, LTD. has sponsored the creation of one or more 401k plans.

Company Name:TELENETWORK PARTNERS, LTD.
Employer identification number (EIN):742908123
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01CARLEY BROOKES
0012011-01-01ANTHONY HERRERA
0012010-01-01ANTHONY HERRERA
0012009-01-01ANTHONY HERRERA
0012009-01-01ANTHONY HERRERA ANTHONY HERRERA2011-07-19

Plan Statistics for TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2012: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01216
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01335
Total number of active participants reported on line 7a of the Form 55002011-01-01176
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0139
Total of all active and inactive participants2011-01-01215
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-01216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01403
Total number of active participants reported on line 7a of the Form 55002010-01-01218
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01116
Total of all active and inactive participants2010-01-01334
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01335
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0140
2009: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01363
Total number of active participants reported on line 7a of the Form 55002009-01-01292
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01111
Total of all active and inactive participants2009-01-01403
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01403
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0143

Financial Data on TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2012 : TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-07-25$757
Unrealized appreciation/depreciation of other (non real estate) assets2012-07-25$13,078
Total unrealized appreciation/depreciation of assets2012-07-25$13,835
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-07-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-07-25$0
Total income from all sources (including contributions)2012-07-25$1,463,328
Total loss/gain on sale of assets2012-07-25$-27,451
Total of all expenses incurred2012-07-25$4,884,245
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-07-25$4,870,279
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-07-25$1,417,262
Value of total assets at end of year2012-07-25$0
Value of total assets at beginning of year2012-07-25$3,420,917
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-07-25$13,966
Total interest from all sources2012-07-25$281
Total dividends received (eg from common stock, registered investment company shares)2012-07-25$26,039
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-07-25Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-07-25$0
Total dividends received from registered investment company shares (eg mutual funds)2012-07-25$26,039
Assets. Real estate other than employer real property at end of year2012-07-25$0
Assets. Real estate other than employer real property at beginning of year2012-07-25$59,243
Was this plan covered by a fidelity bond2012-07-25Yes
Value of fidelity bond cover2012-07-25$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-07-25$0
Were there any nonexempt tranactions with any party-in-interest2012-07-25No
Assets. Other investments not covered elsewhere at end of year2012-07-25$0
Assets. Other investments not covered elsewhere at beginning of year2012-07-25$106,922
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-07-25$18,724
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-07-25$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-07-25$3,103
Total non interest bearing cash at end of year2012-07-25$0
Total non interest bearing cash at beginning of year2012-07-25$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-07-25No
Value of net income/loss2012-07-25$-3,420,917
Value of net assets at end of year (total assets less liabilities)2012-07-25$0
Value of net assets at beginning of year (total assets less liabilities)2012-07-25$3,420,917
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-07-25No
Were any loans by the plan or fixed income obligations due to the plan in default2012-07-25No
Were any leases to which the plan was party in default or uncollectible2012-07-25No
Investment advisory and management fees2012-07-25$13,966
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-07-25$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-07-25$3,119,212
Interest earned on other investments2012-07-25$9
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-07-25$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-07-25$132,437
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-07-25$132,437
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-07-25$272
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-07-25$33,362
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-07-25Yes
Was there a failure to transmit to the plan any participant contributions2012-07-25No
Has the plan failed to provide any benefit when due under the plan2012-07-25No
Contributions received in cash from employer2012-07-25$1,417,262
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-07-25$4,851,555
Did the plan have assets held for investment2012-07-25No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-07-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-07-25Yes
Aggregate proceeds on sale of assets2012-07-25$7,381,610
Aggregate carrying amount (costs) on sale of assets2012-07-25$7,409,061
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-07-25No
Opinion of an independent qualified public accountant for this plan2012-07-25Unqualified
Accountancy firm name2012-07-25RICK C. REED AND COMPANY, PLLC
Accountancy firm EIN2012-07-25742708275
2011 : TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$-3,241
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-4,202
Total unrealized appreciation/depreciation of assets2011-12-31$-7,443
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$93,141
Total loss/gain on sale of assets2011-12-31$15,355
Total of all expenses incurred2011-12-31$465,722
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$438,270
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$3,420,917
Value of total assets at beginning of year2011-12-31$3,793,498
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$27,452
Total interest from all sources2011-12-31$228
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$88,406
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$88,406
Assets. Real estate other than employer real property at end of year2011-12-31$59,243
Assets. Real estate other than employer real property at beginning of year2011-12-31$62,484
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Other investments not covered elsewhere at end of year2011-12-31$106,922
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$111,124
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$3,103
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$1,772
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$792
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-372,581
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,420,917
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$3,793,498
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
Investment advisory and management fees2011-12-31$27,452
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$3,119,212
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$3,463,671
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$132,437
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$153,655
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$153,655
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$228
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-3,405
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$438,270
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
Aggregate proceeds on sale of assets2011-12-31$2,142,415
Aggregate carrying amount (costs) on sale of assets2011-12-31$2,127,060
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31RICK C. REED AND COMPANY, PLLC
Accountancy firm EIN2011-12-31742708275
2010 : TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$-10,168
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$7,465
Total unrealized appreciation/depreciation of assets2010-12-31$-2,703
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$0
Total income from all sources (including contributions)2010-12-31$251,150
Total loss/gain on sale of assets2010-12-31$26,039
Total of all expenses incurred2010-12-31$124,356
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$103,452
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$81,121
Value of total assets at end of year2010-12-31$3,793,498
Value of total assets at beginning of year2010-12-31$3,666,704
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$20,904
Total interest from all sources2010-12-31$385
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$137,992
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$70,303
Assets. Real estate other than employer real property at end of year2010-12-31$62,484
Assets. Real estate other than employer real property at beginning of year2010-12-31$72,652
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
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
Assets. Other investments not covered elsewhere at end of year2010-12-31$111,124
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$103,660
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$1,772
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$2,227
Total non interest bearing cash at end of year2010-12-31$792
Total non interest bearing cash at beginning of year2010-12-31$131,407
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$126,794
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,793,498
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$3,666,704
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
Investment advisory and management fees2010-12-31$20,904
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$3,463,671
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$2,041,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$153,655
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$92,518
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$92,518
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$385
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$8,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
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
Contributions received in cash from employer2010-12-31$81,121
Employer contributions (assets) at beginning of year2010-12-31$589,806
Income. Dividends from common stock2010-12-31$67,689
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$103,452
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$632,493
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
Aggregate proceeds on sale of assets2010-12-31$3,679,611
Aggregate carrying amount (costs) on sale of assets2010-12-31$3,653,572
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 name2010-12-31RICK C. REED AND COMPANY, PLLC
Accountancy firm EIN2010-12-31742708275
2009 : TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 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 TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN

2012: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 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 - TrustYes
2010: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 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 - TrustYes
2009: TELENETWORK PARTNERS, LTD. DEFINED BENEFIT PENSION PLAN 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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