401k Plan data: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN plan

PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 401k Plan overview

Plan Name	PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN
Plan identification number	001

PROFESSIONAL FINANCIAL SPECIALISTS, INC. 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

PROFESSIONAL FINANCIAL SPECIALISTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: PROFESSIONAL FINANCIAL SPECIALISTS, INC.

Employer identification number (EIN): 841273990

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Additional information about PROFESSIONAL FINANCIAL SPECIALISTS, INC.

Jurisdiction of Incorporation: Colorado Department of State

Incorporation Date: 1994-05-02

Company Identification Number: 19941050267

Legal Registered Office Address: 418 Coffman St

Longmont
United States of America (USA)
80501

More information about PROFESSIONAL FINANCIAL SPECIALISTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFESSIONAL FINANCIAL SPECIALISTS, 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 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 REGAN TURNER
001 2011-01-01 REGAN TURNER
001 2010-01-01 REGAN TURNER
001 2009-01-01 REGAN TURNER
001 2009-01-01 REGAN TURNER

Plan Statistics for PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN

401k plan membership statisitcs for PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN

Measure Date Value
2012: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 6
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 6
Number of participants with account balances 2012-01-01 5
2011: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 5
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 5
Number of participants with account balances 2011-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 2
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 2
Number of participants with account balances 2010-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 4
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 4
Number of participants with account balances 2009-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2012: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	6
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	6
Number of participants with account balances	2012-01-01	5
2011: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	5
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	5
Number of participants with account balances	2011-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	2
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	2
Number of participants with account balances	2010-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	4
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	4
Number of participants with account balances	2009-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN

Measure	Date	Value
2012 : PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$0
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$84,814
Expenses. Total of all expenses incurred	2012-12-31	$1,086
Benefits paid (including direct rollovers)	2012-12-31	$1,084
Total plan assets at end of year	2012-12-31	$360,310
Total plan assets at beginning of year	2012-12-31	$276,582
Value of fidelity bond covering the plan	2012-12-31	$300,000
Total contributions received or receivable from participants	2012-12-31	$29,154
Expenses. Other expenses not covered elsewhere	2012-12-31	$2
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$44,483
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$83,728
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$360,310
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$276,582
Total contributions received or receivable from employer(s)	2012-12-31	$11,177
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$0
2011 : PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$28,048
Expenses. Total of all expenses incurred	2011-12-31	$0
Benefits paid (including direct rollovers)	2011-12-31	$0
Total plan assets at end of year	2011-12-31	$311,437
Total plan assets at beginning of year	2011-12-31	$283,389
Value of fidelity bond covering the plan	2011-12-31	$25,000
Total contributions received or receivable from participants	2011-12-31	$18,869
Expenses. Other expenses not covered elsewhere	2011-12-31	$0
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$-31,831
Noncash contributions received	2011-12-31	$0
Net income (gross income less expenses)	2011-12-31	$28,048
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$311,437
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$283,389
Total contributions received or receivable from employer(s)	2011-12-31	$41,010
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$0
2010 : PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$53,963
Expenses. Total of all expenses incurred	2010-12-31	$11,658
Benefits paid (including direct rollovers)	2010-12-31	$11,658
Total plan assets at end of year	2010-12-31	$283,389
Total plan assets at beginning of year	2010-12-31	$241,084
Value of fidelity bond covering the plan	2010-12-31	$25,000
Total contributions received or receivable from participants	2010-12-31	$19,024
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$28,524
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$42,305
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$283,389
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$241,084
Total contributions received or receivable from employer(s)	2010-12-31	$6,415
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0

Form 5500 Responses for PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN

2012: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: PROFESSIONAL FINANCIAL SPECIALISTS, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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See full terms and conditions

Company Name:	PROFESSIONAL FINANCIAL SPECIALISTS, INC.
Employer identification number (EIN):	841273990
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages

Jurisdiction of Incorporation:	Colorado Department of State
Incorporation Date:	1994-05-02
Company Identification Number:	19941050267
Legal Registered Office Address:	418 Coffman St Longmont United States of America (USA) 80501

Plan id#	Filing Submission Date	Name of Administrator
001	2023-01-01
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
001	2014-01-01
001	2013-01-01
001	2012-01-01	REGAN TURNER
001	2011-01-01	REGAN TURNER
001	2010-01-01	REGAN TURNER
001	2009-01-01	REGAN TURNER
001	2009-01-01	REGAN TURNER