Parsec, Inc. Profit Sharing/401(k) Plan
Parsec, Inc., Cincinnati OH. Employer ID 311411831, plan number 004. Annual reports on file for 2009 to 2024.
Where the money went
- Filed 2009-2024Parsec, Inc. Profit Sharing/401(k) Plan, Parsec, Inc.
- TodayParsec, Inc. Profit Sharing/401(k) Plan still files. Fidelity Investments Institutional keeps the records. That is where to ask.
Records are kept by Fidelity Investments Institutional, per the 2024 filing.
Left in 2018? You may be owed employer money
- In plan year 2018, active participants fell from 828 to 635 (23%), and 64 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
- 2017: The plan reported failing to pay benefits when due.
- 2022: The plan reported failing to pay benefits when due.
People in the plan
"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Separated, still owed | Source |
|---|---|---|---|
| 2013 | 912 | 149 | Filing |
| 2014 | 943 | 140 | Filing |
| 2015 | 999 | 175 | Filing |
| 2016 | 1,023 | 182 | Filing |
| 2017 | 997 | 166 | Filing |
| 2018 | 826 | 184 | Filing |
| 2019 | 707 | 158 | Filing |
| 2020 | 672 | 171 | Filing |
| 2021 | 631 | 216 | Filing |
| 2022 | 689 | 235 | Filing |
| 2023 | 740 | 243 | Filing |
| 2024 | 1,089 | 250 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.