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PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NamePARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined 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.
  • 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

PARSONS STEEL ERECTORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PARSONS STEEL ERECTORS, INC.
Employer identification number (EIN):860265017
NAIC Classification:236110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-07-01
0012020-07-01
0012019-07-01
0012019-07-01
0012018-07-01
0012017-07-01
0012016-07-01
0012015-07-01
0012014-07-01
0012013-07-01
0012012-07-01JOE PARSONS2014-04-11 JOE PARSONS2014-04-11
0012011-07-01JOE PARSONS2013-04-09 JOE PARSONS2013-04-09
0012010-07-01PENSION FUNDS OF ARIZONA2012-04-16 PENSION FUNDS OF ARIZONA2012-04-16
0012008-07-01EMILY PARSONS

Plan Statistics for PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2008: PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN 2008 401k membership
Total participants, beginning-of-year2008-07-0139
Total number of active participants reported on line 7a of the Form 55002008-07-0131
Number of retired or separated participants receiving benefits2008-07-010
Number of other retired or separated participants entitled to future benefits2008-07-012
Total of all active and inactive participants2008-07-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-07-010
Total participants2008-07-0133
Number of participants with account balances2008-07-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-07-013

Financial Data on PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2009 : PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN 2009 401k financial data
Transfers to/from the plan2009-06-30$0
Total income from all sources2009-06-30$-143,831
Expenses. Total of all expenses incurred2009-06-30$438,461
Benefits paid (including direct rollovers)2009-06-30$438,211
Total plan assets at end of year2009-06-30$150,289
Total plan assets at beginning of year2009-06-30$2,172,581
Value of fidelity bond covering the plan2009-06-30$195,000
Total contributions received or receivable from participants2009-06-30$191,347
Expenses. Other expenses not covered elsewhere2009-06-30$250
Contributions received from other sources (not participants or employers)2009-06-30$0
Other income received2009-06-30$-485,573
Net income (gross income less expenses)2009-06-30$-582,292
Net plan assets at end of year (total assets less liabilities)2009-06-30$150,289
Net plan assets at beginning of year (total assets less liabilities)2009-06-30$2,172,581
Assets. Value of participant loans2009-06-30$20,000
Total contributions received or receivable from employer(s)2009-06-30$150,395
Value of certain deemed distributions of participant loans2009-06-30$0
Value of corrective distributions2009-06-30$0

Form 5500 Responses for PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN

2008: PARSONS STEEL ERECTORS, INC. 401(K) RETIREMENT PLAN 2008 form 5500 responses
2008-07-01Type of plan entitySingle employer plan
2008-07-01Submission has been amendedNo
2008-07-01This submission is the final filingNo
2008-07-01This return/report is a short plan year return/report (less than 12 months)No
2008-07-01Plan is a collectively bargained planNo
2008-07-01Plan funding arrangement – InsuranceYes
2008-07-01Plan funding arrangement – TrustYes
2008-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA -802589
Policy instance 1
Insurance contract or identification numberGA -802589
Number of Individuals Covered33
Insurance policy start date2008-07-01
Insurance policy end date2009-06-30
Total amount of commissions paid to insurance brokerUSD $7,648
Total amount of fees paid to insurance companyUSD $0
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

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