Civic Intelligence
Filing

Problem Solved Inc. 401(K) Profit Sharing Plan

Problem Solved Inc. • EIN 20-0103607 • Plan year 2012

Company ProfileSource Archive
Filing Insights

Participants

Flat

15 → 15

0 • 0.00%

Assets

Up

$725,466 → $993,403

$267,937 • 36.93%

Investment Management Fee

1.18%

$10,118

Admin expenses $10,118 • Total expenses $10,118

Filing Details

Context
Net investment result
$267,937

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

Not reported

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

No

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Not reported

5% transactions reported

Not reported

All plan assets distributed

No

Benefits paid when due

No

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2017118$2,154,153$199,619$11,090iApproximate average salary by contribution assumption: employee only about $277,249 at 4% or $184,832 at 6%; with 50% employer match about $184,832 at 4% or $123,222 at 6%; with 100% employer match about $138,624 at 4% or $92,416 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-18$2,154,153$199,619$11,090iApproximate average salary by contribution assumption: employee only about $277,249 at 4% or $184,832 at 6%; with 50% employer match about $184,832 at 4% or $123,222 at 6%; with 100% employer match about $138,624 at 4% or $92,416 at 6%.
2016122$2,076,923$202,930$9,224iApproximate average salary by contribution assumption: employee only about $230,602 at 4% or $153,735 at 6%; with 50% employer match about $153,735 at 4% or $102,490 at 6%; with 100% employer match about $115,301 at 4% or $76,867 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-22$2,076,923$202,930$9,224iApproximate average salary by contribution assumption: employee only about $230,602 at 4% or $153,735 at 6%; with 50% employer match about $153,735 at 4% or $102,490 at 6%; with 100% employer match about $115,301 at 4% or $76,867 at 6%.
2015120$1,746,027$211,306$10,565iApproximate average salary by contribution assumption: employee only about $264,133 at 4% or $176,088 at 6%; with 50% employer match about $176,088 at 4% or $117,392 at 6%; with 100% employer match about $132,066 at 4% or $88,044 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-20$1,746,027$211,306$10,565iApproximate average salary by contribution assumption: employee only about $264,133 at 4% or $176,088 at 6%; with 50% employer match about $176,088 at 4% or $117,392 at 6%; with 100% employer match about $132,066 at 4% or $88,044 at 6%.
2014120$1,569,906$205,314$10,266iApproximate average salary by contribution assumption: employee only about $256,643 at 4% or $171,095 at 6%; with 50% employer match about $171,095 at 4% or $114,063 at 6%; with 100% employer match about $128,321 at 4% or $85,548 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-20$1,569,906$205,314$10,266iApproximate average salary by contribution assumption: employee only about $256,643 at 4% or $171,095 at 6%; with 50% employer match about $171,095 at 4% or $114,063 at 6%; with 100% employer match about $128,321 at 4% or $85,548 at 6%.
2013119$1,334,091$182,341$9,597iApproximate average salary by contribution assumption: employee only about $239,922 at 4% or $159,948 at 6%; with 50% employer match about $159,948 at 4% or $106,632 at 6%; with 100% employer match about $119,961 at 4% or $79,974 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-19$1,334,091$182,341$9,597iApproximate average salary by contribution assumption: employee only about $239,922 at 4% or $159,948 at 6%; with 50% employer match about $159,948 at 4% or $106,632 at 6%; with 100% employer match about $119,961 at 4% or $79,974 at 6%.
2012115$993,403$175,397$11,693iApproximate average salary by contribution assumption: employee only about $292,328 at 4% or $194,886 at 6%; with 50% employer match about $194,886 at 4% or $129,924 at 6%; with 100% employer match about $146,164 at 4% or $97,443 at 6%.
Problem Solved Inc. 401(K) Profit Sharing PlanCurrent15$993,403$175,397$11,693iApproximate average salary by contribution assumption: employee only about $292,328 at 4% or $194,886 at 6%; with 50% employer match about $194,886 at 4% or $129,924 at 6%; with 100% employer match about $146,164 at 4% or $97,443 at 6%.
2011114$725,466$176,909$12,636iApproximate average salary by contribution assumption: employee only about $315,909 at 4% or $210,606 at 6%; with 50% employer match about $210,606 at 4% or $140,404 at 6%; with 100% employer match about $157,954 at 4% or $105,303 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-14$725,466$176,909$12,636iApproximate average salary by contribution assumption: employee only about $315,909 at 4% or $210,606 at 6%; with 50% employer match about $210,606 at 4% or $140,404 at 6%; with 100% employer match about $157,954 at 4% or $105,303 at 6%.
2010110$721,069$162,804$16,280iApproximate average salary by contribution assumption: employee only about $407,010 at 4% or $271,340 at 6%; with 50% employer match about $271,340 at 4% or $180,893 at 6%; with 100% employer match about $203,505 at 4% or $135,670 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-10$721,069$162,804$16,280iApproximate average salary by contribution assumption: employee only about $407,010 at 4% or $271,340 at 6%; with 50% employer match about $271,340 at 4% or $180,893 at 6%; with 100% employer match about $203,505 at 4% or $135,670 at 6%.
2009112$520,967$178,522$14,877iApproximate average salary by contribution assumption: employee only about $371,921 at 4% or $247,947 at 6%; with 50% employer match about $247,947 at 4% or $165,298 at 6%; with 100% employer match about $185,960 at 4% or $123,974 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-12$520,967$178,522$14,877iApproximate average salary by contribution assumption: employee only about $371,921 at 4% or $247,947 at 6%; with 50% employer match about $247,947 at 4% or $165,298 at 6%; with 100% employer match about $185,960 at 4% or $123,974 at 6%.
2008112$276,571$174,323$14,527iApproximate average salary by contribution assumption: employee only about $363,173 at 4% or $242,115 at 6%; with 50% employer match about $242,115 at 4% or $161,410 at 6%; with 100% employer match about $181,586 at 4% or $121,058 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-12$276,571$174,323$14,527iApproximate average salary by contribution assumption: employee only about $363,173 at 4% or $242,115 at 6%; with 50% employer match about $242,115 at 4% or $161,410 at 6%; with 100% employer match about $181,586 at 4% or $121,058 at 6%.
2007115$182,909$186,532$12,435iApproximate average salary by contribution assumption: employee only about $310,887 at 4% or $207,258 at 6%; with 50% employer match about $207,258 at 4% or $138,172 at 6%; with 100% employer match about $155,443 at 4% or $103,629 at 6%.
Problem Solved Inc. 401(K) Profit Sharing Plan-15$182,909$186,532$12,435iApproximate average salary by contribution assumption: employee only about $310,887 at 4% or $207,258 at 6%; with 50% employer match about $207,258 at 4% or $138,172 at 6%; with 100% employer match about $155,443 at 4% or $103,629 at 6%.
Schedule Details

Schedule I

Schedule I Financial Statement

Small plan result

Balance sheet and activity values reported by the filer for this small-plan annual return.

End-of-year assets$993,403$267,937 change

Balance Sheet

Beginning and end of plan year.

Total assets$725,466$993,403Increase +$267,937 (36.93%)
Total liabilities$0$0No change $0
Net assets$725,466$993,403Increase +$267,937 (36.93%)

Contributions

Employer contributions$32,957
Participant contributions$142,440
Other contributions$0

Income & Expenses

Total income$278,055
Total expenses$10,118
Net income$267,937
Source fields
Schedule I source fields
Schedule I Plan Year Begin Date
2012-01-01
Schedule I Tax Period
2012-12-31
Schedule I Plan Num
001
Schedule I EIN
20-0103607
Small plan total assets at beginning of year
$725,466
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$725,466
Small plan total assets at end of year
$993,403
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$993,403
Small plan employer contributions
$32,957
Small plan participant contributions
$142,440
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$102,658
Small plan total income
$278,055
Small plan total benefit distributions
$0
Small Corrective Distribution Amount
$0
Small Deem Dstrb Participants Ln Amount
$0
Small Admin Srvc Providers Amount
$10,118
Small Oth Expenses Amount
$0
Small plan total expenses
$10,118
Small plan net income or loss
$267,937
Small Joint Venture End of year Indicator
No
Small Employer Prop End of year Indicator
No
Small Inv Real Estate End of year Indicator
No
Small Employer Sec End of year Indicator
No
Small Mortg Participants End of year Indicator
No
Small Oth Lns Participants End of year Indicator
No
Small Personal Prop End of year Indicator
No
Small Fail Transm Contribution Indicator
No
Small plan participant loans in default
No
Small plan leases in default
No
Small plan nonexempt transactions with parties in interest
No
Small plan fidelity bond in place
Yes
Small plan fidelity bond amount
$100,000
Small plan loss discovered during year
No
Small plan assets with undetermined value
No
Small plan non-cash contributions reported
No
Small 20 Percent Sngl Investment Indicator
No
Small plan all plan assets distributed
No
Small plan waived annual IQPA report
Yes
Small plan failed to provide benefits when due
No
Small plan resolution to terminate plan adopted
No

Filing received by DOL May 20, 2013