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WPCS INTERNATIONAL INC. 401(K) PLAN 401k Plan overview

Plan NameWPCS INTERNATIONAL INC. 401(K) PLAN
Plan identification number 001

WPCS INTERNATIONAL INC. 401(K) 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.
  • 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

WPCS INTERNATIONAL INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:WPCS INTERNATIONAL INCORPORATED
Employer identification number (EIN):980204758
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about WPCS INTERNATIONAL INCORPORATED

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C3708214

More information about WPCS INTERNATIONAL INCORPORATED

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WPCS INTERNATIONAL INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01ASANTE MUYUNGGA
0012016-01-01ASANTE MUYUNGGA
0012015-01-01ASANTE MUYUNGGA
0012014-01-01TAMMY EVANS
0012013-01-01TAMMY EVANS
0012012-01-01SUSAN LONG SUSAN LONG2013-10-15
0012011-01-01SUSAN LONG
0012010-01-01SUSAN LONG
0012009-01-01JOSEPH HEATER
0012009-01-01JOSEPH HEATER

Plan Statistics for WPCS INTERNATIONAL INC. 401(K) PLAN

401k plan membership statisitcs for WPCS INTERNATIONAL INC. 401(K) PLAN

Measure Date Value
2017: WPCS INTERNATIONAL INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0159
Total number of active participants reported on line 7a of the Form 55002017-01-0116
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0139
Total of all active and inactive participants2017-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0155
Number of participants with account balances2017-01-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: WPCS INTERNATIONAL INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0166
Total number of active participants reported on line 7a of the Form 55002016-01-0118
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0141
Total of all active and inactive participants2016-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0159
Number of participants with account balances2016-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: WPCS INTERNATIONAL INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0168
Total number of active participants reported on line 7a of the Form 55002015-01-0117
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0149
Total of all active and inactive participants2015-01-0166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0166
Number of participants with account balances2015-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: WPCS INTERNATIONAL INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0185
Total number of active participants reported on line 7a of the Form 55002014-01-0118
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0150
Total of all active and inactive participants2014-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0168
Number of participants with account balances2014-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: WPCS INTERNATIONAL INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01137
Total number of active participants reported on line 7a of the Form 55002013-01-0131
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0154
Total of all active and inactive participants2013-01-0185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0185
Number of participants with account balances2013-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: WPCS INTERNATIONAL INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01224
Total number of active participants reported on line 7a of the Form 55002012-01-0154
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0182
Total of all active and inactive participants2012-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01137
Number of participants with account balances2012-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: WPCS INTERNATIONAL INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01265
Total number of active participants reported on line 7a of the Form 55002011-01-01176
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0147
Total of all active and inactive participants2011-01-01223
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-01224
Number of participants with account balances2011-01-01134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2010: WPCS INTERNATIONAL INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01287
Total number of active participants reported on line 7a of the Form 55002010-01-01215
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0150
Total of all active and inactive participants2010-01-01265
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01265
Number of participants with account balances2010-01-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: WPCS INTERNATIONAL INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01249
Total number of active participants reported on line 7a of the Form 55002009-01-01227
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0160
Total of all active and inactive participants2009-01-01287
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01287
Number of participants with account balances2009-01-01171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WPCS INTERNATIONAL INC. 401(K) PLAN

Measure Date Value
2017 : WPCS INTERNATIONAL INC. 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$765,333
Expenses. Total of all expenses incurred2017-12-31$767,731
Benefits paid (including direct rollovers)2017-12-31$767,299
Total plan assets at end of year2017-12-31$3,887,038
Total plan assets at beginning of year2017-12-31$3,889,436
Value of fidelity bond covering the plan2017-12-31$2,500,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$53,188
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$712,145
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-2,398
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,887,038
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,889,436
Assets. Value of participant loans2017-12-31$33,460
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$432
2016 : WPCS INTERNATIONAL INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$344,620
Expenses. Total of all expenses incurred2016-12-31$136,969
Benefits paid (including direct rollovers)2016-12-31$123,870
Total plan assets at end of year2016-12-31$3,889,436
Total plan assets at beginning of year2016-12-31$3,681,785
Value of fidelity bond covering the plan2016-12-31$2,500,000
Total contributions received or receivable from participants2016-12-31$53,999
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$290,621
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$207,651
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,889,436
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,681,785
Assets. Value of participant loans2016-12-31$31,686
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$11,731
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$1,368
2015 : WPCS INTERNATIONAL INC. 401(K) PLAN 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$79,845
Expenses. Total of all expenses incurred2015-12-31$575,979
Benefits paid (including direct rollovers)2015-12-31$572,904
Total plan assets at end of year2015-12-31$3,681,785
Total plan assets at beginning of year2015-12-31$4,177,919
Value of fidelity bond covering the plan2015-12-31$2,500,000
Total contributions received or receivable from participants2015-12-31$78,760
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$615
Other income received2015-12-31$470
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-496,134
Net plan assets at end of year (total assets less liabilities)2015-12-31$3,681,785
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$4,177,919
Assets. Value of participant loans2015-12-31$39,085
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$-4,500
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$7,575
2014 : WPCS INTERNATIONAL INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$316,996
Expenses. Total of all expenses incurred2014-12-31$740,904
Benefits paid (including direct rollovers)2014-12-31$727,012
Total plan assets at end of year2014-12-31$4,177,919
Total plan assets at beginning of year2014-12-31$4,601,827
Value of fidelity bond covering the plan2014-12-31$2,500,000
Total contributions received or receivable from participants2014-12-31$104,854
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$212,142
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-423,908
Net plan assets at end of year (total assets less liabilities)2014-12-31$4,177,919
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$4,601,827
Assets. Value of participant loans2014-12-31$52,773
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$4,866
Value of corrective distributions2014-12-31$7,411
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,615
2013 : WPCS INTERNATIONAL INC. 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$968,297
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,437,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,427,487
Expenses. Certain deemed distributions of participant loans2013-12-31$0
Value of total corrective distributions2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$153,732
Value of total assets at end of year2013-12-31$4,601,827
Value of total assets at beginning of year2013-12-31$5,071,266
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$10,249
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$1,452
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$257,699
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$257,699
Assets. Real estate other than employer real property at end of year2013-12-31$0
Assets. Real estate other than employer real property at beginning of year2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$153,732
Participant contributions at end of year2013-12-31$54,924
Participant contributions at beginning of year2013-12-31$40,922
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$3,449
Assets. Other investments not covered elsewhere at end of year2013-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Assets. Loans (other than to participants) at end of year2013-12-31$0
Assets. Loans (other than to participants) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$0
Administrative expenses (other) incurred2013-12-31$10,249
Liabilities. Value of operating payables at end of year2013-12-31$0
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$-469,439
Value of net assets at end of year (total assets less liabilities)2013-12-31$4,601,827
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$5,071,266
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$0
Assets. partnership/joint venture interests at beginning of year2013-12-31$0
Investment advisory and management fees2013-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$4,499,062
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$4,968,811
Value of interest in pooled separate accounts at end of year2013-12-31$0
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$1,446
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$0
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Value of interest in master investment trust accounts at end of year2013-12-31$0
Value of interest in master investment trust accounts at beginning of year2013-12-31$0
Value of interest in common/collective trusts at end of year2013-12-31$0
Value of interest in common/collective trusts at beginning of year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$47,841
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$58,084
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$58,084
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$6
Assets. Value of investments in 103.12 investment entities at end of year2013-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Asset value of US Government securities at end of year2013-12-31$0
Asset value of US Government securities at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$555,414
Net investment gain/loss from pooled separate accounts2013-12-31$0
Net investment gain or loss from common/collective trusts2013-12-31$0
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$0
Assets. Invements in employer securities at beginning of year2013-12-31$0
Assets. Value of employer real property at end of year2013-12-31$0
Assets. Value of employer real property at beginning of year2013-12-31$0
Contributions received in cash from employer2013-12-31$0
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$0
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,427,487
Asset. Corporate debt instrument preferred debt at end of year2013-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$0
Contract administrator fees2013-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$0
Liabilities. Value of benefit claims payable at end of year2013-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2013-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$0
Aggregate carrying amount (costs) on sale of assets2013-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31ATUL MALHOTRA & CO, LLC
Accountancy firm EIN2013-12-31352193871
2012 : WPCS INTERNATIONAL INC. 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,027,830
Total of all expenses incurred2012-12-31$1,714,624
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,699,951
Value of total corrective distributions2012-12-31$2,180
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$351,657
Value of total assets at end of year2012-12-31$5,071,266
Value of total assets at beginning of year2012-12-31$5,758,060
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$12,493
Total interest from all sources2012-12-31$6,079
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$108,296
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$108,296
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$351,657
Participant contributions at end of year2012-12-31$40,922
Participant contributions at beginning of year2012-12-31$122,390
Participant contributions at end of year2012-12-31$3,449
Participant contributions at beginning of year2012-12-31$0
Administrative expenses (other) incurred2012-12-31$12,493
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-686,794
Value of net assets at end of year (total assets less liabilities)2012-12-31$5,071,266
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$5,758,060
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$4,968,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$5,529,782
Interest on participant loans2012-12-31$6,068
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$58,084
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$105,888
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$105,888
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$11
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$561,798
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,699,951
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31ATUL MALHOTRA & CO, LLC
Accountancy firm EIN2012-12-31352193871
2011 : WPCS INTERNATIONAL INC. 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$382,669
Total of all expenses incurred2011-12-31$824,915
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$818,780
Expenses. Certain deemed distributions of participant loans2011-12-31$2,549
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$554,157
Value of total assets at end of year2011-12-31$5,758,060
Value of total assets at beginning of year2011-12-31$6,200,306
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$3,586
Total interest from all sources2011-12-31$7,390
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$159,449
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$159,449
Was this plan covered by a fidelity bond2011-12-31No
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$537,745
Participant contributions at end of year2011-12-31$122,390
Participant contributions at beginning of year2011-12-31$115,695
Assets. Other investments not covered elsewhere at end of year2011-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$6,989
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$15,536
Administrative expenses (other) incurred2011-12-31$3,586
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-442,246
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,758,060
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,200,306
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$5,529,782
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$5,880,003
Interest on participant loans2011-12-31$7,373
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$105,888
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$197,619
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$197,619
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$17
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-338,327
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$876
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$818,780
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31ATUL MALHOTRA & CO, LLC
Accountancy firm EIN2011-12-31352193871
2010 : WPCS INTERNATIONAL INC. 401(K) PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$1,395,012
Total of all expenses incurred2010-12-31$1,051,677
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,049,606
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$628,514
Value of total assets at end of year2010-12-31$6,200,306
Value of total assets at beginning of year2010-12-31$5,856,971
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,071
Total interest from all sources2010-12-31$8,269
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$126,055
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$126,055
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$621,524
Participant contributions at end of year2010-12-31$115,695
Participant contributions at beginning of year2010-12-31$143,486
Assets. Other investments not covered elsewhere at end of year2010-12-31$6,989
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$6,990
Administrative expenses (other) incurred2010-12-31$2,071
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$343,335
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,200,306
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,856,971
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 registered invesment companies (eg mutual funds) at end of year2010-12-31$5,880,003
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,561,977
Interest on participant loans2010-12-31$8,246
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$197,619
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$151,508
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$151,508
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$23
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$632,174
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,049,606
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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
Accountancy firm name2010-12-31LEONARD FRIEDMAN
Accountancy firm EIN2010-12-31113628448
2009 : WPCS INTERNATIONAL INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for WPCS INTERNATIONAL INC. 401(K) PLAN

2017: WPCS INTERNATIONAL INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: WPCS INTERNATIONAL INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: WPCS INTERNATIONAL INC. 401(K) PLAN 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
2014: WPCS INTERNATIONAL INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: WPCS INTERNATIONAL INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: WPCS INTERNATIONAL INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WPCS INTERNATIONAL INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: WPCS INTERNATIONAL INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WPCS INTERNATIONAL INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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