401k Plan data: PHIHONG USA CORPORATION 401(K) PLAN plan

PHIHONG USA CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	PHIHONG USA CORPORATION 401(K) PLAN
Plan identification number	001

PHIHONG USA CORPORATION 401(K) PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

PHIHONG USA CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: PHIHONG USA CORPORATION

Employer identification number (EIN): 770451666

NAIC Classification: 425110
NAIC Description: Business to Business Electronic Markets

Additional information about PHIHONG USA CORPORATION

Jurisdiction of Incorporation: California Department of State

Incorporation Date:

Company Identification Number: C2003601

More information about PHIHONG USA CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHIHONG USA CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01 EMILY TSAI
001 2014-01-01 EMILY TSAI
001 2013-01-01 EMILY TSAI 2014-07-01
001 2012-01-01 EMILY TSAI 2013-07-02 EMILY TSAI 2013-07-02
001 2011-01-01 EMILY TSAI 2012-07-25
001 2010-01-01 EMILY TSAI 2011-06-08 EMILY TSAI 2011-06-08

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01	EMILY TSAI
001	2014-01-01	EMILY TSAI
001	2013-01-01	EMILY TSAI	2014-07-01
001	2012-01-01	EMILY TSAI	2013-07-02	EMILY TSAI	2013-07-02
001	2011-01-01	EMILY TSAI	2012-07-25
001	2010-01-01	EMILY TSAI	2011-06-08	EMILY TSAI	2011-06-08

Plan Statistics for PHIHONG USA CORPORATION 401(K) PLAN

401k plan membership statisitcs for PHIHONG USA CORPORATION 401(K) PLAN

Measure Date Value
2016: PHIHONG USA CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 71
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 9
Total of all active and inactive participants 2016-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 80
Number of participants with account balances 2016-01-01 70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: PHIHONG USA CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 117
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 76
Number of other retired or separated participants entitled to future benefits 2015-01-01 42
Total of all active and inactive participants 2015-01-01 118
Total participants 2015-01-01 118
Number of participants with account balances 2015-01-01 94
2014: PHIHONG USA CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 75
Number of other retired or separated participants entitled to future benefits 2014-01-01 43
Total of all active and inactive participants 2014-01-01 118
Total participants 2014-01-01 118
Number of participants with account balances 2014-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0

Measure	Date	Value
2016: PHIHONG USA CORPORATION 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	71
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	9
Total of all active and inactive participants	2016-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	80
Number of participants with account balances	2016-01-01	70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: PHIHONG USA CORPORATION 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	117
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	76
Number of other retired or separated participants entitled to future benefits	2015-01-01	42
Total of all active and inactive participants	2015-01-01	118
Total participants	2015-01-01	118
Number of participants with account balances	2015-01-01	94
2014: PHIHONG USA CORPORATION 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	75
Number of other retired or separated participants entitled to future benefits	2014-01-01	43
Total of all active and inactive participants	2014-01-01	118
Total participants	2014-01-01	118
Number of participants with account balances	2014-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0

Financial Data on PHIHONG USA CORPORATION 401(K) PLAN

Measure	Date	Value
2016 : PHIHONG USA CORPORATION 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)	2016-12-31	$1,001,078
Total of all expenses incurred	2016-12-31	$1,057,996
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$1,029,822
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$567,225
Value of total assets at end of year	2016-12-31	$5,636,855
Value of total assets at beginning of year	2016-12-31	$5,693,773
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$28,174
Total interest from all sources	2016-12-31	$262
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$10,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$371,939
Participant contributions at end of year	2016-12-31	$15,772
Participant contributions at beginning of year	2016-12-31	$19,476
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$-56,918
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$5,636,855
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$5,693,773
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Investment advisory and management fees	2016-12-31	$28,174
Value of interest in pooled separate accounts at end of year	2016-12-31	$4,182,343
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$4,757,727
Interest on participant loans	2016-12-31	$262
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2016-12-31	$1,438,740
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$916,570
Net investment gain/loss from pooled separate accounts	2016-12-31	$433,591
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$195,286
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$1,029,822
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	SINGERLEWAK LLP
Accountancy firm EIN	2016-12-31	952302617
2015 : PHIHONG USA CORPORATION 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)	2015-12-31	$671,972
Total of all expenses incurred	2015-12-31	$215,790
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$187,867
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$684,230
Value of total assets at end of year	2015-12-31	$5,693,773
Value of total assets at beginning of year	2015-12-31	$5,237,591
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$27,923
Total interest from all sources	2015-12-31	$419
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Administrative expenses professional fees incurred	2015-12-31	$150
Was this plan covered by a fidelity bond	2015-12-31	No
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$431,249
Participant contributions at end of year	2015-12-31	$19,476
Participant contributions at beginning of year	2015-12-31	$24,530
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$21,756
Other income not declared elsewhere	2015-12-31	$11,874
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$456,182
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$5,693,773
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$5,237,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Investment advisory and management fees	2015-12-31	$27,773
Value of interest in pooled separate accounts at end of year	2015-12-31	$4,757,727
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$4,323,851
Interest on participant loans	2015-12-31	$419
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2015-12-31	$916,570
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2015-12-31	$889,210
Net investment gain/loss from pooled separate accounts	2015-12-31	$-24,551
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$231,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$187,867
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	SINGERLEWAK LLP
Accountancy firm EIN	2015-12-31	952302617
2014 : PHIHONG USA CORPORATION 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)	2014-12-31	$810,603
Total of all expenses incurred	2014-12-31	$91,707
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$19,147
Expenses. Certain deemed distributions of participant loans	2014-12-31	$48,300
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$518,674
Value of total assets at end of year	2014-12-31	$5,237,591
Value of total assets at beginning of year	2014-12-31	$4,518,695
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$24,260
Total interest from all sources	2014-12-31	$469
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Administrative expenses professional fees incurred	2014-12-31	$250
Was this plan covered by a fidelity bond	2014-12-31	No
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$341,338
Participant contributions at end of year	2014-12-31	$24,530
Participant contributions at beginning of year	2014-12-31	$64,700
Other income not declared elsewhere	2014-12-31	$11,576
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$718,896
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$5,237,591
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$4,518,695
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Investment advisory and management fees	2014-12-31	$24,010
Value of interest in pooled separate accounts at end of year	2014-12-31	$4,323,851
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$3,607,083
Interest on participant loans	2014-12-31	$469
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2014-12-31	$889,210
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2014-12-31	$846,912
Net investment gain/loss from pooled separate accounts	2014-12-31	$279,884
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$177,336
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$19,147
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	SINGERLEWAK LLP
Accountancy firm EIN	2014-12-31	952302617

Form 5500 Responses for PHIHONG USA CORPORATION 401(K) PLAN

2016: PHIHONG USA CORPORATION 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: PHIHONG USA CORPORATION 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: PHIHONG USA CORPORATION 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

997193-000

Policy instance

Insurance contract or identification number	997193-000
Number of Individuals Covered	94
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $13,854
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6,927
Insurance broker organization code?	3
Insurance broker name	WENJUN YANG

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

997193-000

Policy instance

Insurance contract or identification number	997193-000
Number of Individuals Covered	93
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $12,030
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6,015
Insurance broker organization code?	3
Insurance broker name	WENJUN YANG

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Company Name:	PHIHONG USA CORPORATION
Employer identification number (EIN):	770451666
NAIC Classification:	425110
NAIC Description:	Business to Business Electronic Markets

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:
Company Identification Number:	C2003601