Production Services Network U.S., Inc. Craft Retirement & Savings Plan
Psn USA Holdings Inc., Houston TX. Employer ID 261316887, plan number 002. Annual reports on file for 2009 to 2013.
Where the money went
Plans that moved money into this one:
- 2010: money from Wood Group Psn, Inc. 401(k) Plan moved in.
- 2011: money from Wood Group Psn, Inc. 401(k) Plan moved in.
- Filed 2009-2013Production Services Network U.S., Inc. Craft Retirement & Savings Plan, Psn USA Holdings Inc.
- 2013Assets transferred to Wood Group Psn, Inc. 401(k) Plan
- 2013Plan renumbered or taken over by a new sponsor to Wood Group Psn, Inc. 401(k) Plan
- 2015Assets transferred to Wood Group 401(k) Plan
- 2016Plan renumbered or taken over by a new sponsor to Wood 401(k) Plan
- TodayWood 401(k) Plan still files. Empower Annuity Insurance Company O keeps the records. That is where to ask.
Records are kept by Empower Annuity Insurance Company O, per the 2024 filing.
Left in 2012? Worth asking about employer money
- In plan year 2012, active participants fell from 229 to 120 (48%), and 92 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2013: The plan filed its last report: it ended, merged into another plan, or paid everyone out.
- 2013: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
- 2013: The employer decided to close the plan.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2009 | 87 | 11 | Filing |
| 2010 | 156 | 6 | Filing |
| 2011 | 236 | 7 | Filing |
| 2012 | 128 | 8 | Filing |
| 2013 | 0 | 0 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.