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ADVANCED AMERICAN CONSTRUCTION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameADVANCED AMERICAN CONSTRUCTION 401(K) PROFIT SHARING PLAN
Plan identification number 001

ADVANCED AMERICAN CONSTRUCTION 401(K) PROFIT SHARING 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

ADVANCED AMERICAN CONSTRUCTION, INC has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED AMERICAN CONSTRUCTION, INC
Employer identification number (EIN):931295688
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED AMERICAN CONSTRUCTION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01DEE BURCH2021-09-03
0012019-01-01DEE BURCH2020-08-31
0012018-01-01DEE BURCH2019-09-23
0012017-01-01DEE BURCH2018-08-16 DEE BURCH2018-08-16
0012016-01-01DEE BURCH2017-09-15
0012015-01-01DEE BURCH2016-10-13
0012014-01-01DEE BURCH2015-10-13
0012013-01-01MARVIN BURCH2014-09-04
0012012-01-01MARVIN BURCH2013-07-03
0012011-01-01MARVIN BURCH2012-07-06
0012010-01-01MARVIN BURCH2011-12-15

Financial Data on ADVANCED AMERICAN CONSTRUCTION 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : ADVANCED AMERICAN CONSTRUCTION 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
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$1,660,108
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$325,105
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$318,707
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$698,976
Value of total assets at end of year2010-12-31$8,207,773
Value of total assets at beginning of year2010-12-31$6,872,770
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$6,398
Total interest from all sources2010-12-31$62,270
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$400,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$393,884
Participant contributions at end of year2010-12-31$57,734
Participant contributions at beginning of year2010-12-31$75,128
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$71
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$1,335,003
Value of net assets at end of year (total assets less liabilities)2010-12-31$8,207,773
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,872,770
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
Value of interest in pooled separate accounts at end of year2010-12-31$6,352,076
Value of interest in pooled separate accounts at beginning of year2010-12-31$5,014,256
Interest on participant loans2010-12-31$3,816
Interest earned on other investments2010-12-31$58,454
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,797,963
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,783,386
Net investment gain/loss from pooled separate accounts2010-12-31$898,862
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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$305,021
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$318,707
Contract administrator fees2010-12-31$6,398
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer

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