401k Plan data: IASCO 401K PLAN plan

IASCO 401K PLAN 401k Plan overview

Plan Name	IASCO 401K PLAN
Plan identification number	002

IASCO 401K PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.

401k Sponsoring company profile

IASCO has sponsored the creation of one or more 401k plans.

Company Name: IASCO

Employer identification number (EIN): 943316653

NAIC Classification: 488100
NAIC Description: Support Activities for Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IASCO 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2012-01-01 OLEN CREECH OLEN CREECH 2013-02-19
002 2011-01-01 OLEN CREECH OLEN CREECH 2012-10-03
002 2010-01-01 JOHN LEE
002 2009-01-01 JOHN LEE

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2012-01-01	OLEN CREECH	OLEN CREECH	2013-02-19
002	2011-01-01	OLEN CREECH	OLEN CREECH	2012-10-03
002	2010-01-01	JOHN LEE
002	2009-01-01	JOHN LEE

Plan Statistics for IASCO 401K PLAN

401k plan membership statisitcs for IASCO 401K PLAN

Measure Date Value
2012: IASCO 401K PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
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 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
Number of participants with account balances 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: IASCO 401K PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 199
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
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 88
Total of all active and inactive participants 2011-01-01 88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 89
Number of participants with account balances 2011-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: IASCO 401K PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 256
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 74
Number of other retired or separated participants entitled to future benefits 2010-01-01 112
Total of all active and inactive participants 2010-01-01 186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 1
Total participants 2010-01-01 187
Number of participants with account balances 2010-01-01 137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: IASCO 401K PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 204
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 175
Number of other retired or separated participants entitled to future benefits 2009-01-01 37
Total of all active and inactive participants 2009-01-01 212
Total participants 2009-01-01 212
Number of participants with account balances 2009-01-01 175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 25

Measure	Date	Value
2012: IASCO 401K PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
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	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
Number of participants with account balances	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: IASCO 401K PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	199
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
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	88
Total of all active and inactive participants	2011-01-01	88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	89
Number of participants with account balances	2011-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: IASCO 401K PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	256
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	74
Number of other retired or separated participants entitled to future benefits	2010-01-01	112
Total of all active and inactive participants	2010-01-01	186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	1
Total participants	2010-01-01	187
Number of participants with account balances	2010-01-01	137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: IASCO 401K PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	204
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	175
Number of other retired or separated participants entitled to future benefits	2009-01-01	37
Total of all active and inactive participants	2009-01-01	212
Total participants	2009-01-01	212
Number of participants with account balances	2009-01-01	175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	25

Financial Data on IASCO 401K PLAN

Measure	Date	Value
2012 : IASCO 401K PLAN 2012 401k financial data
Total income from all sources	2012-07-30	$586,710
Expenses. Total of all expenses incurred	2012-07-30	$9,281,248
Benefits paid (including direct rollovers)	2012-07-30	$9,280,895
Total plan assets at end of year	2012-07-30	$0
Total plan assets at beginning of year	2012-07-30	$8,694,538
Value of fidelity bond covering the plan	2012-07-30	$1,000,000
Other income received	2012-07-30	$586,710
Net income (gross income less expenses)	2012-07-30	$-8,694,538
Net plan assets at end of year (total assets less liabilities)	2012-07-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2012-07-30	$8,694,538
Expenses. Administrative service providers (salaries,fees and commissions)	2012-07-30	$353
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-07-30	$0
2011 : IASCO 401K PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$13,966
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$16,892
Total income from all sources (including contributions)	2011-12-31	$204,746
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$6,854,167
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$6,840,132
Value of total corrective distributions	2011-12-31	$13,966
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$204,459
Value of total assets at end of year	2011-12-31	$8,708,504
Value of total assets at beginning of year	2011-12-31	$15,360,851
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$69
Total interest from all sources	2011-12-31	$2,280
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$323,921
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$323,921
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$186,509
Participant contributions at end of year	2011-12-31	$14,036
Participant contributions at beginning of year	2011-12-31	$60,015
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$10,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2011-12-31	$13,966
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2011-12-31	$16,892
Administrative expenses (other) incurred	2011-12-31	$69
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-6,649,421
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$8,694,538
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$15,343,959
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$8,694,468
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$15,300,836
Interest on participant loans	2011-12-31	$2,280
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-325,914
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$7,950
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$6,840,132
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	HOOD & STRONG LLP
Accountancy firm EIN	2011-12-31	941254756
2010 : IASCO 401K PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$16,892
Total income from all sources (including contributions)	2010-12-31	$3,091,885
Total of all expenses incurred	2010-12-31	$4,970,099
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$4,952,083
Value of total corrective distributions	2010-12-31	$16,892
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$696,664
Value of total assets at end of year	2010-12-31	$15,360,851
Value of total assets at beginning of year	2010-12-31	$17,222,173
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$1,124
Total interest from all sources	2010-12-31	$8,460
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$368,397
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$368,397
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$648,403
Participant contributions at end of year	2010-12-31	$60,015
Participant contributions at beginning of year	2010-12-31	$181,024
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2010-12-31	$16,892
Administrative expenses (other) incurred	2010-12-31	$1,124
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-1,878,214
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$15,343,959
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$17,222,173
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$15,300,836
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$17,039,016
Interest on participant loans	2010-12-31	$8,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$2,018,364
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$48,261
Employer contributions (assets) at beginning of year	2010-12-31	$2,133
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$4,952,083
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	HOOD & STRONG LLP
Accountancy firm EIN	2010-12-31	941254756

Form 5500 Responses for IASCO 401K PLAN

2012: IASCO 401K PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: IASCO 401K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: IASCO 401K PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: IASCO 401K PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	IASCO
Employer identification number (EIN):	943316653
NAIC Classification:	488100
NAIC Description:	Support Activities for Air Transportation