Home   >   Access Point, Inc. 401k Retirement Plan  >  Form 5500
   Basic Info (Short Form)

Company:
Access Point, Inc.

Plan:
Access Point, Inc. 401k Retirement Plan
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Plan Information
Plan Year 01/01/2010 — 12/31/2010
Effective Date of Plan 01/01/2000
Net Assets as of 12/31/2010 $1,623,694
Plan Number 1
Plan Type Single Employer
Did the plan file for an extension of time or the DFVC Program? Yes

Participant Information as of 12/31/2010
Total 102
Total number of participants as of 01/01/2010 99
Number of participants with account balances 62

Financial Information as of 12/31/2010
Total Assets (EOY) $1,623,694
Total Liabilities (EOY) $0
Net Assets (EOY) $1,623,694
Financial Information as of 01/01/2010
Total Assets (BOY) $1,261,177
Total Liabilities (BOY) $0
Net Assets (BOY) $1,261,177
Income
Cash from Employers $28,560
Cash from Participants $177,807
Others (including rollovers) $0
Other Income $165,139
Total Income $371,506
Net Income $362,517
Expenses
Total Benefit Payments $6,135
Corrective Distributions $2,479
Administrative Service Providers $375
Other Expenses $0
Total Expenses $8,989
Total Transfers $0
Plan Sponsor Information
Address 1100 Crescent Green Suite 109
CARY, NC 27518
Telephone (919) 851-4838
EIN 56-1978988
Industry Code 517000
Named Administrator Robin Byers
Named Plan Sponsor Robin Byers

Plan Administrator Information
Administrator Name Access Point, Inc.
Address 1100 Crescent Green Suite 109
CARY, NC 27518
Telephone (919) 851-4838
Administrator EIN 56-1978988

Benefits Provided Under the Plan
Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K 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 contributions 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.
3D 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.

Question   Answer Amount
1. During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No  
2. Were there any nonexempt transactions with any party-in-interest? No  
3. Was this plan covered by a fidelity bond? Yes $100,000
4. Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No  
5. Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No  
6. Has the plan failed to provide any benefit when due under the plan? No  
7. If this is an individual account plan, was there a blackout period? No  
8. If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No