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Filing

Priority Technologies Inc. 401K Profit Sharing Plan

Priority Technologies Inc. • EIN 47-0798739 • Plan year 2000

Company ProfileSource Archive
Filing Insights

Participants

Down

25 → 22

-3 • -12.00%

Assets

Up

$209,383 → $268,907

$59,524 • 28.43%

Investment Management Fee

-

Admin expenses - • Total expenses $24,819

Filing Details

Context
Net investment result
$61,664
Pension payor EIN
47-0810833

Status Flags

Fidelity bond in place

No

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

Not reported

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

Not reported

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
2008117$279,916$17,474$1,028iApproximate average salary by contribution assumption: employee only about $25,697 at 4% or $17,131 at 6%; with 50% employer match about $17,131 at 4% or $11,421 at 6%; with 100% employer match about $12,849 at 4% or $8,566 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-17$279,916$17,474$1,028iApproximate average salary by contribution assumption: employee only about $25,697 at 4% or $17,131 at 6%; with 50% employer match about $17,131 at 4% or $11,421 at 6%; with 100% employer match about $12,849 at 4% or $8,566 at 6%.
2007113$521,387$10,215$786iApproximate average salary by contribution assumption: employee only about $19,644 at 4% or $13,096 at 6%; with 50% employer match about $13,096 at 4% or $8,731 at 6%; with 100% employer match about $9,822 at 4% or $6,548 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-13$521,387$10,215$786iApproximate average salary by contribution assumption: employee only about $19,644 at 4% or $13,096 at 6%; with 50% employer match about $13,096 at 4% or $8,731 at 6%; with 100% employer match about $9,822 at 4% or $6,548 at 6%.
2006116$630,948$42,041$2,628iApproximate average salary by contribution assumption: employee only about $65,689 at 4% or $43,793 at 6%; with 50% employer match about $43,793 at 4% or $29,195 at 6%; with 100% employer match about $32,845 at 4% or $21,896 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-16$630,948$42,041$2,628iApproximate average salary by contribution assumption: employee only about $65,689 at 4% or $43,793 at 6%; with 50% employer match about $43,793 at 4% or $29,195 at 6%; with 100% employer match about $32,845 at 4% or $21,896 at 6%.
2005119$705,739$66,171$3,483iApproximate average salary by contribution assumption: employee only about $87,067 at 4% or $58,045 at 6%; with 50% employer match about $58,045 at 4% or $38,696 at 6%; with 100% employer match about $43,534 at 4% or $29,022 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-19$705,739$66,171$3,483iApproximate average salary by contribution assumption: employee only about $87,067 at 4% or $58,045 at 6%; with 50% employer match about $58,045 at 4% or $38,696 at 6%; with 100% employer match about $43,534 at 4% or $29,022 at 6%.
2004118$650,220$40,058$2,225iApproximate average salary by contribution assumption: employee only about $55,636 at 4% or $37,091 at 6%; with 50% employer match about $37,091 at 4% or $24,727 at 6%; with 100% employer match about $27,818 at 4% or $18,545 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-18$650,220$40,058$2,225iApproximate average salary by contribution assumption: employee only about $55,636 at 4% or $37,091 at 6%; with 50% employer match about $37,091 at 4% or $24,727 at 6%; with 100% employer match about $27,818 at 4% or $18,545 at 6%.
2003113$574,313$110,861$8,528iApproximate average salary by contribution assumption: employee only about $213,194 at 4% or $142,129 at 6%; with 50% employer match about $142,129 at 4% or $94,753 at 6%; with 100% employer match about $106,597 at 4% or $71,065 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-13$574,313$110,861$8,528iApproximate average salary by contribution assumption: employee only about $213,194 at 4% or $142,129 at 6%; with 50% employer match about $142,129 at 4% or $94,753 at 6%; with 100% employer match about $106,597 at 4% or $71,065 at 6%.
2002133$485,769$191,271$5,796iApproximate average salary by contribution assumption: employee only about $144,902 at 4% or $96,602 at 6%; with 50% employer match about $96,602 at 4% or $64,401 at 6%; with 100% employer match about $72,451 at 4% or $48,301 at 6%.
Priority Technologies Inc. 401K Profit Sharing Plan-33$485,769$191,271$5,796iApproximate average salary by contribution assumption: employee only about $144,902 at 4% or $96,602 at 6%; with 50% employer match about $96,602 at 4% or $64,401 at 6%; with 100% employer match about $72,451 at 4% or $48,301 at 6%.
2001126$0$0-
Priority Technologies Inc. 401K Profit Sharing Plan-26---
2000122$268,907$131,816$5,992iApproximate average salary by contribution assumption: employee only about $149,791 at 4% or $99,861 at 6%; with 50% employer match about $99,861 at 4% or $66,574 at 6%; with 100% employer match about $74,895 at 4% or $49,930 at 6%.
Priority Technologies Inc. 401K Profit Sharing PlanCurrent22$268,907$131,816$5,992iApproximate average salary by contribution assumption: employee only about $149,791 at 4% or $99,861 at 6%; with 50% employer match about $99,861 at 4% or $66,574 at 6%; with 100% employer match about $74,895 at 4% or $49,930 at 6%.
199910$209,383$0-
Priority Technologies Inc. 401K Profit Sharing Plan-0$209,383--
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$268,907$59,524 change

Balance Sheet

Beginning and end of plan year.

Total assets$209,383$268,907Increase +$59,524 (28.43%)
Total liabilities$3,952$1,812Decrease -$2,140 (-54.15%)
Net assets$205,431$267,095Increase +$61,664 (30.02%)

Contributions

Employer contributions$32,986
Participant contributions$98,500
Other contributions$330

Income & Expenses

Total income$86,483
Total expenses$24,819
Net income$61,664
Source fields
Schedule I source fields
Filing Id
84037007101782
Schedule I EIN
47-0798739
Schedule I Plan Num
001
Schedule I Plan Year Begin Date
2000-01-01
Schedule I Tax Period
20001231
Small plan total assets at beginning of year
$209,383
Small plan total liabilities at beginning of year
$3,952
Small plan net assets at beginning of year
$205,431
Small plan total assets at end of year
$268,907
Small plan total liabilities at end of year
$1,812
Small plan net assets at end of year
$267,095
Small plan employer contributions
$32,986
Small plan participant contributions
$98,500
Small Oth Contribution Rcvd Amount
$330
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$-45,333
Small plan total income
$86,483
Small plan total benefit distributions
$24,819
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$0
Small plan total expenses
$24,819
Small plan net income or loss
$61,664
Small Total Plan Transfers Amount
$0
Small Joint Venture End of year Indicator
No
Small Joint Venture End of year Amount
$0
Small Employer Prop End of year Indicator
No
Small Employer Prop End of year Amount
$0
Small Investment Real Est End of year I
2
Small Investment Real Est End of year A
0
Small Employer Sec End of year Indicator
No
Small Employer Sec End of year Amount
$0
Small Mortg Participants End of year Indicator
No
Small Mortg Participants End of year Amount
$0
Small Oth Lns Participants End of year Indicator
No
Small Oth Lns Participants End of year Amount
$0
Small Personal Prop End of year Indicator
No
Small Personal Prop End of year Amount
$0
Small Fail Xmt Ctb I
2
Small Fail Xmt Ctb A
0
Small plan participant loans in default
No
Small Loans In Default Amount
$0
Small plan leases in default
No
Small Leases In Default Amount
$0
Small Pt In Interest Not Reported I
2
Small Pt In Interest Not Reported A
0
Small plan fidelity bond in place
No
Small plan fidelity bond amount
$0
Small plan loss discovered during year
No
Small Loss Discovered Dur Year Amount
$0
Small plan assets with undetermined value
No
Small Asset Undeterm Valuation Amount
$0
Small plan non-cash contributions reported
No
Small Non Cash Contribution Amount
$0
Small 20 Percent Sngl Investment Indicator
No
Small 20 Percent Sngl Investment Amount
$0
Small plan all plan assets distributed
No
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN47-0810833

Transfers

Distributed property value$0
Schedule R source fields
Payor 47-0810833
Filing Id
84037007101782
Schedule R EIN
47-0798739
Schedule R Plan number
001
Schedule R Plan Year Begin Date
2000-01-01
Schedule R Tax Period
20001231
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
47-0810833
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0