Civic Intelligence
Filing

Systems Source Inc. 401K Plan

Systems Source Inc. • EIN 95-3707183 • Plan year 2007

Filing Insights

Participants

Down

141 → 90

-51 • -36.17%

Assets

Down

$4,436,340 → $3,993,814

-$442,526 • -9.98%

Investment Management Fee

0.00%

$0

Admin expenses $2,411 • Total expenses $441,397

Filing Details

Context
Net investment result
$-442,526
Pension payor EIN
04-6568107

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

No

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

Yes

5% transactions reported

No

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties
ProviderServicesLocationDirect CompensationRelated
CORDOVA ACCOUNTANCY, INC.EIN 33-0267966Accountant--

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20252155$8,833,007$805,056$5,194iApproximate average salary by contribution assumption: employee only about $129,848 at 4% or $86,565 at 6%; with 50% employer match about $86,565 at 4% or $57,710 at 6%; with 100% employer match about $64,924 at 4% or $43,283 at 6%.
Systems Source Inc. 401(K) Plan-155$8,833,007$805,056$5,194iApproximate average salary by contribution assumption: employee only about $129,848 at 4% or $86,565 at 6%; with 50% employer match about $86,565 at 4% or $57,710 at 6%; with 100% employer match about $64,924 at 4% or $43,283 at 6%.
Systems Source Inc. Health and Welfare Plan-148---
20243140$7,123,665$937,602$6,697iApproximate average salary by contribution assumption: employee only about $167,429 at 4% or $111,619 at 6%; with 50% employer match about $111,619 at 4% or $74,413 at 6%; with 100% employer match about $83,714 at 4% or $55,810 at 6%.
Systems Source Inc. 401(K) Plan-140$7,123,665$937,602$6,697iApproximate average salary by contribution assumption: employee only about $167,429 at 4% or $111,619 at 6%; with 50% employer match about $111,619 at 4% or $74,413 at 6%; with 100% employer match about $83,714 at 4% or $55,810 at 6%.
Systems Source Inc. Health and Welfare Plan-138---
Systems Source Inc. 401K Plan-0---
20234152$6,035,672$5,563,882$36,604iApproximate average salary by contribution assumption: employee only about $915,112 at 4% or $610,075 at 6%; with 50% employer match about $610,075 at 4% or $406,717 at 6%; with 100% employer match about $457,556 at 4% or $305,037 at 6%.
Systems Source Inc. 401(K) Plan-152$6,032,944$5,563,882$36,604iApproximate average salary by contribution assumption: employee only about $915,112 at 4% or $610,075 at 6%; with 50% employer match about $610,075 at 4% or $406,717 at 6%; with 100% employer match about $457,556 at 4% or $305,037 at 6%.
Systems Source Inc. 401K Plan-0$2,728--
Systems Source Inc. Health and Welfare Plan-0---
Systems Source Inc. Health and Welfare Plan-147---
20223183$2,332,654$498,158$2,722iApproximate average salary by contribution assumption: employee only about $68,054 at 4% or $45,370 at 6%; with 50% employer match about $45,370 at 4% or $30,246 at 6%; with 100% employer match about $34,027 at 4% or $22,685 at 6%.
Systems Source Inc. 401K Plan-0$1,829,329--
Systems Source Inc. 401(K) Plan-183$503,325$498,158$2,722iApproximate average salary by contribution assumption: employee only about $68,054 at 4% or $45,370 at 6%; with 50% employer match about $45,370 at 4% or $30,246 at 6%; with 100% employer match about $34,027 at 4% or $22,685 at 6%.
Systems Source Inc. Health and Welfare Plan-176---
20212181$13,997,369$912,799$5,043iApproximate average salary by contribution assumption: employee only about $126,077 at 4% or $84,051 at 6%; with 50% employer match about $84,051 at 4% or $56,034 at 6%; with 100% employer match about $63,039 at 4% or $42,026 at 6%.
Systems Source Inc. 401K Plan-181$13,997,369$912,799$5,043iApproximate average salary by contribution assumption: employee only about $126,077 at 4% or $84,051 at 6%; with 50% employer match about $84,051 at 4% or $56,034 at 6%; with 100% employer match about $63,039 at 4% or $42,026 at 6%.
Systems Source Inc. Health and Welfare Plan-156---
20202182$15,476,719$999,580$5,492iApproximate average salary by contribution assumption: employee only about $137,305 at 4% or $91,537 at 6%; with 50% employer match about $91,537 at 4% or $61,024 at 6%; with 100% employer match about $68,652 at 4% or $45,768 at 6%.
Systems Source Inc. 401K Plan-170$15,476,719$999,580$5,880iApproximate average salary by contribution assumption: employee only about $146,997 at 4% or $97,998 at 6%; with 50% employer match about $97,998 at 4% or $65,332 at 6%; with 100% employer match about $73,499 at 4% or $48,999 at 6%.
Systems Source Inc. Health and Welfare Plan-182---
20192211$12,794,834$1,132,129$5,366iApproximate average salary by contribution assumption: employee only about $134,139 at 4% or $89,426 at 6%; with 50% employer match about $89,426 at 4% or $59,617 at 6%; with 100% employer match about $67,069 at 4% or $44,713 at 6%.
Systems Source Inc. 401K Plan-204$12,794,834$1,132,129$5,550iApproximate average salary by contribution assumption: employee only about $138,741 at 4% or $92,494 at 6%; with 50% employer match about $92,494 at 4% or $61,663 at 6%; with 100% employer match about $69,371 at 4% or $46,247 at 6%.
Systems Source Inc. Health and Welfare Plan-211---
20181215$12,458,646$1,628,788$7,576iApproximate average salary by contribution assumption: employee only about $189,394 at 4% or $126,263 at 6%; with 50% employer match about $126,263 at 4% or $84,175 at 6%; with 100% employer match about $94,697 at 4% or $63,131 at 6%.
Systems Source Inc. 401K Plan-215$12,458,646$1,628,788$7,576iApproximate average salary by contribution assumption: employee only about $189,394 at 4% or $126,263 at 6%; with 50% employer match about $126,263 at 4% or $84,175 at 6%; with 100% employer match about $94,697 at 4% or $63,131 at 6%.
20171179$10,959,610$1,039,405$5,807iApproximate average salary by contribution assumption: employee only about $145,168 at 4% or $96,779 at 6%; with 50% employer match about $96,779 at 4% or $64,519 at 6%; with 100% employer match about $72,584 at 4% or $48,389 at 6%.
Systems Source Inc. 401K Plan-179$10,959,610$1,039,405$5,807iApproximate average salary by contribution assumption: employee only about $145,168 at 4% or $96,779 at 6%; with 50% employer match about $96,779 at 4% or $64,519 at 6%; with 100% employer match about $72,584 at 4% or $48,389 at 6%.
20161159$9,472,803$684,050$4,302iApproximate average salary by contribution assumption: employee only about $107,555 at 4% or $71,703 at 6%; with 50% employer match about $71,703 at 4% or $47,802 at 6%; with 100% employer match about $53,778 at 4% or $35,852 at 6%.
Systems Source Inc. 401K Plan-159$9,472,803$684,050$4,302iApproximate average salary by contribution assumption: employee only about $107,555 at 4% or $71,703 at 6%; with 50% employer match about $71,703 at 4% or $47,802 at 6%; with 100% employer match about $53,778 at 4% or $35,852 at 6%.
20151149$7,861,553$622,682$4,179iApproximate average salary by contribution assumption: employee only about $104,477 at 4% or $69,651 at 6%; with 50% employer match about $69,651 at 4% or $46,434 at 6%; with 100% employer match about $52,238 at 4% or $34,826 at 6%.
Systems Source Inc. 401K Plan-149$7,861,553$622,682$4,179iApproximate average salary by contribution assumption: employee only about $104,477 at 4% or $69,651 at 6%; with 50% employer match about $69,651 at 4% or $46,434 at 6%; with 100% employer match about $52,238 at 4% or $34,826 at 6%.
20141129$7,883,994$417,406$3,236iApproximate average salary by contribution assumption: employee only about $80,893 at 4% or $53,928 at 6%; with 50% employer match about $53,928 at 4% or $35,952 at 6%; with 100% employer match about $40,446 at 4% or $26,964 at 6%.
Systems Source Inc. 401K Plan-129$7,883,994$417,406$3,236iApproximate average salary by contribution assumption: employee only about $80,893 at 4% or $53,928 at 6%; with 50% employer match about $53,928 at 4% or $35,952 at 6%; with 100% employer match about $40,446 at 4% or $26,964 at 6%.
20131116$7,283,280$417,739$3,601iApproximate average salary by contribution assumption: employee only about $90,030 at 4% or $60,020 at 6%; with 50% employer match about $60,020 at 4% or $40,013 at 6%; with 100% employer match about $45,015 at 4% or $30,010 at 6%.
Systems Source Inc. 401K Plan-116$7,283,280$417,739$3,601iApproximate average salary by contribution assumption: employee only about $90,030 at 4% or $60,020 at 6%; with 50% employer match about $60,020 at 4% or $40,013 at 6%; with 100% employer match about $45,015 at 4% or $30,010 at 6%.
2012191$5,971,669$447,596$4,919iApproximate average salary by contribution assumption: employee only about $122,966 at 4% or $81,977 at 6%; with 50% employer match about $81,977 at 4% or $54,652 at 6%; with 100% employer match about $61,483 at 4% or $40,989 at 6%.
Systems Source Inc. 401K Plan-91$5,971,669$447,596$4,919iApproximate average salary by contribution assumption: employee only about $122,966 at 4% or $81,977 at 6%; with 50% employer match about $81,977 at 4% or $54,652 at 6%; with 100% employer match about $61,483 at 4% or $40,989 at 6%.
2011196$5,033,825$707,325$7,368iApproximate average salary by contribution assumption: employee only about $184,199 at 4% or $122,799 at 6%; with 50% employer match about $122,799 at 4% or $81,866 at 6%; with 100% employer match about $92,100 at 4% or $61,400 at 6%.
Systems Source Inc. 401K Plan-96$5,033,825$707,325$7,368iApproximate average salary by contribution assumption: employee only about $184,199 at 4% or $122,799 at 6%; with 50% employer match about $122,799 at 4% or $81,866 at 6%; with 100% employer match about $92,100 at 4% or $61,400 at 6%.
2010184$4,403,551$408,357$4,861iApproximate average salary by contribution assumption: employee only about $121,535 at 4% or $81,023 at 6%; with 50% employer match about $81,023 at 4% or $54,015 at 6%; with 100% employer match about $60,767 at 4% or $40,512 at 6%.
Systems Source Inc. 401K Plan-84$4,403,551$408,357$4,861iApproximate average salary by contribution assumption: employee only about $121,535 at 4% or $81,023 at 6%; with 50% employer match about $81,023 at 4% or $54,015 at 6%; with 100% employer match about $60,767 at 4% or $40,512 at 6%.
2009157$3,331,458$180,286$3,163iApproximate average salary by contribution assumption: employee only about $79,073 at 4% or $52,715 at 6%; with 50% employer match about $52,715 at 4% or $35,143 at 6%; with 100% employer match about $39,536 at 4% or $26,358 at 6%.
Systems Source Inc. 401K Plan-57$3,331,458$180,286$3,163iApproximate average salary by contribution assumption: employee only about $79,073 at 4% or $52,715 at 6%; with 50% employer match about $52,715 at 4% or $35,143 at 6%; with 100% employer match about $39,536 at 4% or $26,358 at 6%.
2008164$2,994,387$267,550$4,180iApproximate average salary by contribution assumption: employee only about $104,512 at 4% or $69,674 at 6%; with 50% employer match about $69,674 at 4% or $46,450 at 6%; with 100% employer match about $52,256 at 4% or $34,837 at 6%.
Systems Source Inc. 401K Plan-64$2,994,387$267,550$4,180iApproximate average salary by contribution assumption: employee only about $104,512 at 4% or $69,674 at 6%; with 50% employer match about $69,674 at 4% or $46,450 at 6%; with 100% employer match about $52,256 at 4% or $34,837 at 6%.
2007190$3,993,814$336,420$3,738iApproximate average salary by contribution assumption: employee only about $93,450 at 4% or $62,300 at 6%; with 50% employer match about $62,300 at 4% or $41,533 at 6%; with 100% employer match about $46,725 at 4% or $31,150 at 6%.
Systems Source Inc. 401K PlanCurrent90$3,993,814$336,420$3,738iApproximate average salary by contribution assumption: employee only about $93,450 at 4% or $62,300 at 6%; with 50% employer match about $62,300 at 4% or $41,533 at 6%; with 100% employer match about $46,725 at 4% or $31,150 at 6%.
20061136$0$0-
Systems Source Inc. 401K Plan-136---
20051132$3,866,518$687,969$5,212iApproximate average salary by contribution assumption: employee only about $130,297 at 4% or $86,865 at 6%; with 50% employer match about $86,865 at 4% or $57,910 at 6%; with 100% employer match about $65,149 at 4% or $43,432 at 6%.
Systems Source Inc. 401K Plan-132$3,866,518$687,969$5,212iApproximate average salary by contribution assumption: employee only about $130,297 at 4% or $86,865 at 6%; with 50% employer match about $86,865 at 4% or $57,910 at 6%; with 100% employer match about $65,149 at 4% or $43,432 at 6%.
2004195$0$0-
Systems Source Inc. 401K Plan-95---
2003181$0$0-
Systems Source Inc. 401K Plan-81---
2002175$0$0-
Systems Source Inc. 401K Plan-75---
2001288$0$0-
Systems Source Inc. 401K Plan-88---
Systems Source Inc. Health and Welfare Plan-0---
2000169$0$0-
Systems Source Inc. 401K Plan-69---
1999167$1,751,319$305,396$4,558iApproximate average salary by contribution assumption: employee only about $113,954 at 4% or $75,969 at 6%; with 50% employer match about $75,969 at 4% or $50,646 at 6%; with 100% employer match about $56,977 at 4% or $37,985 at 6%.
Systems Source Inc. 401K Plan-67$1,751,319$305,396$4,558iApproximate average salary by contribution assumption: employee only about $113,954 at 4% or $75,969 at 6%; with 50% employer match about $75,969 at 4% or $50,646 at 6%; with 100% employer match about $56,977 at 4% or $37,985 at 6%.
Schedule Details

Schedule H

Schedule H Financial Statement

Large plan result

Assets, contributions, fees, audit, and compliance fields reported for this large-plan filing.

End-of-year assets$3,993,814-$442,526 change

Balance Sheet

Beginning and end of plan year.

Total assets$4,436,340$3,993,814Decrease -$442,526 (-9.98%)
Total liabilities$0$0No change $0
Net assets$4,436,340$3,993,814Decrease -$442,526 (-9.98%)

Contributions

Employer contributions$0
Participant contributions$336,420
Other contributions$0
Total contributions$336,420

Income & Investment Result

Total income$-1,129
Interest$26,367
Dividends$0
Net income$-442,526

Expenses & Fees

Benefits paid$438,532
Investment management$0
Administrative expenses$2,411
Total expenses$441,397

Accountant

FirmCORDOVA ACCOUNTANCY, INC.
Firm EIN33-0267966

Compliance

Fidelity bondYes
Fidelity bond amount$300,000
Participant loans$173,994
Late contributionsNo
Schedule H source fields
Financial summary
Total assets at beginning of year: $4,436,340Total assets at end of year: $3,993,814Total liabilities at end of year: $0Net income or loss: $-442,526
Filing Id
84037126171049
Schedule H EIN
95-3707183
Schedule H Plan number
003
Schedule H Plan Year Begin Date
2007-07-01
Schedule H Tax Period
20080630
Non Interest Bear Cash Beginning of year Amount
$0
Employer Contribution Beginning of year Amount
$0
Participants Contribution Beginning of year Amount
$11,576
Other Receivables Beginning of year Amount
$0
Interest Bear Cash Beginning of year Amount
$4,331,302
Govt Sec Beginning of year Amount
$0
Corp Debt Preferred Beginning of year Amount
$0
Corp Debt Other Beginning of year Amount
$0
Pref Stock Beginning of year Amount
$0
Common Stock Beginning of year Amount
$0
Joint Venture Beginning of year Amount
$0
Real Estate Beginning of year Amount
$0
Other Loans Beginning of year Amount
$0
Participant loans at beginning of year
$69,508
Interest Common Tr Beginning of year Amount
$0
Interest Pool Sep Account Beginning of year Amount
$0
Interest Master Tr Beginning of year Amount
$0
Interest 103 12 Investment Beginning of year Amount
$0
Interest in registered investment companies at beginning of year
$23,954
Ins Co Gen Account Beginning of year Amount
$0
Oth Investment Beginning of year Amount
$0
Employer Sec Beginning of year Amount
$0
Employer Prop Beginning of year Amount
$0
Bldgs Used Beginning of year Amount
$0
Total assets at beginning of year
$4,436,340
Bnfts Payable Beginning of year Amount
$0
Oprtng Payable Beginning of year Amount
$0
Acquis Indbt Beginning of year Amount
$0
Other Liability Beginning of year Amount
$0
Total liabilities at beginning of year
$0
Net assets at beginning of year
$4,436,340
Non Interest Bear Cash End of year Amount
$0
Employer Contribution End of year Amount
$0
Participants Contribution End of year Amount
$0
Other Receivables End of year Amount
$0
Interest Bear Cash End of year Amount
$141,171
Govt Sec End of year Amount
$0
Corp Debt Preferred End of year Amount
$0
Corp Debt Other End of year Amount
$0
Pref Stock End of year Amount
$0
Common Stock End of year Amount
$0
Joint Venture End of year Amount
$0
Real Estate End of year Amount
$0
Other Loans End of year Amount
$0
Participant loans at end of year
$173,994
Interest Common Tr End of year Amount
$0
Interest Pool Sep Account End of year Amount
$0
Interest Master Tr End of year Amount
$0
Interest 103 12 Investment End of year Amount
$0
Interest in registered investment companies at end of year
$3,678,649
Ins Co Gen Account End of year Amount
$0
Oth Investment End of year Amount
$0
Employer Sec End of year Amount
$0
Employer Prop End of year Amount
$0
Bldgs Used End of year Amount
$0
Total assets at end of year
$3,993,814
Bnfts Payable End of year Amount
$0
Oprtng Payable End of year Amount
$0
Acquis Indbt End of year Amount
$0
Other Liability End of year Amount
$0
Total liabilities at end of year
$0
Net assets at end of year
$3,993,814
Employer contributions
$0
Participant contributions
$336,420
Oth Contribution Rcvd Amount
$0
Non Cash Contribution Bs Amount
$0
Total contributions
$336,420
Interest Bear Cash Amount
$16,165
Interest On Govt Sec Amount
$0
Interest On Corp Debt Amount
$0
Interest On Oth Loans Amount
$0
Interest on participant loans
$10,202
Interest On Oth Investment Amount
$0
Total interest income
$26,367
Divnd Pref Stock Amount
$0
Divnd Common Stock Amount
$0
Total dividend income
$0
Total Rents Amount
$0
Aggregate Proceeds Amount
$0
Aggregate Costs Amount
$0
Net gain or loss on sale of assets
$0
Unrealized Apprctn Re Amount
$0
Unrealized Apprctn Oth Amount
$0
Net unrealized appreciation or depreciation
$0
Gain Loss Com Trust Amount
$0
Gain Loss Pool Sep Amount
$0
Gain Loss Master Tr Amount
$0
Gain Loss 103 12 Investment Amount
$0
Gain or loss on registered investments
$-363,916
Other Income Amount
$0
Total income
$-1,129
Participant distributions
$438,532
Ins Carrier Bnfts Amount
$0
Oth Bnft Payment Amount
$0
Total benefit distributions
$438,532
Total Corrective Distribution Amount
$454
Total Dm Distribution Ptcp Lns A
0
Total Interest Expense Amount
$0
Professional Fees Amount
$0
Contract Admin Fees Amount
$0
Investment management fees
$0
Other Admin Fees Amount
$2,411
Total administrative expenses
$2,411
Total expenses
$441,397
Net income or loss
$-442,526
Total Transfers To Amount
$0
Transfers from other plans
$0
Accountant Opinion Type Indicator
Yes
Account Performed Limited Audit Indicator
No
Accountant firm name
CORDOVA ACCOUNTANCY, INC.
Accountant firm EIN
33-0267966
Failed to transmit participant contributions on time
No
Fail Transmit Contribution Amount
$0
Participant loans in default
No
Loans In Default Amount
$0
Leases in default
No
Leases In Default Amount
$0
Nonexempt transactions with parties in interest
No
Party In Interest Not Reported Amount
$0
Fidelity bond in place
Yes
Fidelity bond amount
$300,000
Loss discovered during year
No
Loss Discovered Dur Year Amount
$0
Assets with undetermined value
No
Asset Undeterm Valuation Amount
$0
Non-cash contributions reported
No
Non Cash Contribution Amount
$0
Assets held for investment
Yes
Reportable 5% transactions
No
All plan assets distributed
No
Resolution to terminate plan adopted
No
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 EIN04-6568107

Transfers

Distributed property value$0
Schedule R source fields
Payor 04-6568107
Filing Id
84037126171049
Schedule R EIN
95-3707183
Schedule R Plan number
003
Schedule R Plan Year Begin Date
2007-07-01
Schedule R Tax Period
20080630
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
04-6568107
Pension Bnft Distribution Sngl Sum Count
0
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0
Systems Source Inc. 401K Plan | Systems Source Inc. | Plan 003 | 2007 Form 5500 Filing