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  5. Practical Solutions, Inc.

Practical Solutions, Inc.

Company Details

Name: Practical Solutions, Inc.
Jurisdiction: Rhode Island
Entity type: Domestic Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 12 May 2009 (16 years ago)
Identification Number: 000506774
ZIP code: 02878
County: Newport County
Principal Address: 178 DEER RUN RD, TIVERTON, RI, 02878, USA
Purpose: THE CORPORATION HAS THE PURPOSE OF ENGAGING IN ANY LAWFUL BUSINESS, IN ACCORDANCE WITH CHAPTER 7-1.2. SPECIFICALLY, NAICS 541330 ENGINEERING SERVICES, NAICS 541618 OTHER MANAGEMENT CONSULTING SERVICES AND NAICS 541690 OTHER SCIENTIFIC AND TECHNICAL CONSULTING SERVICES Title: 7-1.2-1701

Industry & Business Activity

NAICS

541690 Other Scientific and Technical Consulting Services

This industry comprises establishments primarily engaged in providing advice and assistance to businesses and other organizations on scientific and technical issues (except environmental). Learn more at the U.S. Census Bureau

Companies doing Other scientific and technical consulting services

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PROFIT-SHARING-SB-401(K) 2021 270161801 2022-12-27 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 028782744

Signature of
Role Plan administrator
Date 2022-12-27
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2022-12-27
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2019 270161801 2020-07-06 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 028782744

Signature of
Role Plan administrator
Date 2020-07-06
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2020-07-06
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2018 270161801 2019-06-04 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 028782744

Signature of
Role Plan administrator
Date 2019-06-04
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2019-06-04
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2017 270161801 2018-06-29 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s DBA name PRACTICAL SOLUTIONS, INC.
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 028782744

Signature of
Role Plan administrator
Date 2018-06-29
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2016 270161801 2017-06-24 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 028782744

Signature of
Role Plan administrator
Date 2017-06-24
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2017-06-24
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2015 270161801 2016-06-18 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 028782744

Signature of
Role Plan administrator
Date 2016-06-18
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2016-06-18
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2014 270161801 2015-06-27 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2015-06-27
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2015-06-27
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2013 270161801 2014-05-24 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2014-05-24
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2014-05-24
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2012 270161801 2013-05-14 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 02878

Signature of
Role Plan administrator
Date 2013-05-14
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-05-14
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
PROFIT-SHARING SB-401(K) 2011 270161801 2012-05-11 PRACTICAL SOLUTIONS, INC. 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 270161801
Plan administrator’s name PRACTICAL SOLUTIONS, INC.
Plan administrator’s address 178 DEER RUN RD, TIVERTON, RI, 02878
Administrator’s telephone number 4018623254

Signature of
Role Plan administrator
Date 2012-05-11
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2011/04/30/20110430140826P040008921222001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 270161801
Plan administrator’s name PRACTICAL SOLUTIONS, INC.
Plan administrator’s address 178 DEER RUN RD, TIVERTON, RI, 02878
Administrator’s telephone number 4018623254

Signature of
Role Plan administrator
Date 2011-04-30
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature
Three-digit plan number (PN) 001
Effective date of plan 2009-06-15
Business code 541600
Sponsor’s telephone number 4018623254
Plan sponsor’s address 178 DEER RUN RD, TIVERTON, RI, 02878

Plan administrator’s name and address
Administrator’s EIN 270161801
Plan administrator’s name PRACTICAL SOLUTIONS, INC.
Plan administrator’s address 178 DEER RUN RD, TIVERTON, RI, 02878
Administrator’s telephone number 4018623254

Signature of
Role Plan administrator
Date 2011-04-30
Name of individual signing THOMAS BOUCHARD
Valid signature Filed with authorized/valid electronic signature

Agent

Name Role Address
THOMAS L. BOUCHARD Agent 178 DEER RUN ROAD, TIVERTON, RI, 02878, USA

PRESIDENT

Name Role Address
THOMAS LOUIS BOUCHARD PRESIDENT 178 DEER RUN RD TIVERTON, RI 02878 USA

TREASURER

Name Role Address
THOMAS LOUIS BOUCHARD TREASURER 178 DEER RUN RD TIVERTON, RI 02878 USA

SECRETARY

Name Role Address
THOMAS LOUIS BOUCHARD SECRETARY 178 DEER RUN RD TIVERTON, RI 02878 USA

DIRECTOR

Name Role Address
THOMAS LOUIS BOUCHARD DIRECTOR 178 DEER RUN RD TIVERTON, RI 02878 USA

Filings

Number Name File Date
202448741420 Annual Report 2024-03-16
202331114180 Annual Report 2023-03-19
202211223050 Annual Report 2022-02-20
202197294880 Annual Report 2021-05-29
202196860950 Revocation Notice For Failure to File An Annual Report 2021-05-19
202036022690 Annual Report 2020-03-08
201988112910 Annual Report 2019-03-05
201857486300 Annual Report 2018-02-04
201738032080 Annual Report 2017-03-15
201589821130 Annual Report 2015-12-29

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5087468309 2021-01-25 0165 PPS 178 Deer Run Rd, Tiverton, RI, 02878-2744
Loan Status Date 2021-09-28
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 24600
Loan Approval Amount (current) 24600
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65657
Servicing Lender Name BankNewport
Servicing Lender Address 10 Washington Sq, NEWPORT, RI, 02840-2948
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Tiverton, NEWPORT, RI, 02878-2744
Project Congressional District RI-01
Number of Employees 1
NAICS code 541690
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 65657
Originating Lender Name BankNewport
Originating Lender Address NEWPORT, RI
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 24738.16
Forgiveness Paid Date 2021-08-20
9350727108 2020-04-15 0165 PPP 178 Deer Run, TIVERTON, RI, 02878
Loan Status Date 2021-02-17
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 24600
Loan Approval Amount (current) 24600
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65657
Servicing Lender Name BankNewport
Servicing Lender Address 10 Washington Sq, NEWPORT, RI, 02840-2948
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address TIVERTON, NEWPORT, RI, 02878-0001
Project Congressional District RI-01
Number of Employees 1
NAICS code 541690
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 65657
Originating Lender Name BankNewport
Originating Lender Address NEWPORT, RI
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 24775.23
Forgiveness Paid Date 2021-01-07

Related by officers

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Related by address

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Date of last update: 14 Oct 2024

Sources: Rhode Island Department of State

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