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SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameSUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SUMMIT HELICOPTER INC has sponsored the creation of one or more 401k plans.

Company Name:SUMMIT HELICOPTER INC
Employer identification number (EIN):954720386
NAIC Classification:481000
NAIC Description: Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LARRY WELK2024-09-04
0012022-01-01LARRY WELK2023-10-02
0012021-01-01GARY GRUNDEN2022-10-12
0012020-01-01GARY GRUNDEN2021-06-24
0012019-01-01GARY GRUNDEN2020-07-15
0012018-01-01GARY GRUNDEN2019-06-27
0012017-01-01GARY GRUNDEN2018-06-25
0012016-01-01GARY GRUNDEN2017-07-31
0012015-01-01GARY GRUNDEN
0012014-01-01GARY GRUNDEN2015-07-01
0012013-01-01GARY GRUNDEN2014-07-09
0012012-01-01GARY GRUNDEN2014-07-09
0012011-01-01GARY GRUNDEN2014-07-09

Plan Statistics for SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2015: SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0131
Total number of active participants reported on line 7a of the Form 55002015-01-0116
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0116
Number of participants with account balances2015-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2015 : SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$44,506
Expenses. Total of all expenses incurred2015-12-31$100
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$304,038
Total plan assets at beginning of year2015-12-31$259,632
Value of fidelity bond covering the plan2015-12-31$0
Total contributions received or receivable from participants2015-12-31$32,650
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$3,814
Net income (gross income less expenses)2015-12-31$44,406
Net plan assets at end of year (total assets less liabilities)2015-12-31$304,038
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$259,632
Assets. Value of participant loans2015-12-31$14,230
Total contributions received or receivable from employer(s)2015-12-31$8,042
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$100

Form 5500 Responses for SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST

2015: SUMMIT HELICOPTER, INC. 401(K) PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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