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  5. PRACTICAL COMMUNICATIONS, INC.

PRACTICAL COMMUNICATIONS, INC.

Company Details

Entity Name: PRACTICAL COMMUNICATIONS, INC.
Jurisdiction: Illinois
Entity Type: Corporation - Domestic BCA
Status: Dissolved
Date Formed: 11 Jun 1976
Date of Dissolution: 31 May 2023
Company Number: CORP_50918521
File Number: 50918521
Date Status Change: 31 May 2023
Place of Formation: ILLINOIS

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2021 362882917 2022-08-28 PRACTICAL COMMUNICATIONS, INC. 14
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1900 E. GOLF RD., SUITE 950, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2022-08-28
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2022-08-28
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2020 362882917 2021-07-15 PRACTICAL COMMUNICATIONS, INC. 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1900 E. GOLF RD., SUITE 950, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2021-07-15
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2021-07-15
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2019 362882917 2020-06-18 PRACTICAL COMMUNICATIONS, INC. 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1900 E. GOLF RD., SUITE 950, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2020-06-18
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2020-06-18
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2018 362882917 2019-09-20 PRACTICAL COMMUNICATIONS, INC. 16
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1900 E. GOLF RD., SUITE 950, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2019-09-20
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2019-09-20
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2017 362882917 2018-06-21 PRACTICAL COMMUNICATIONS, INC. 18
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1320 TOWER ROAD, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2018-06-21
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2018-06-21
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2016 362882917 2017-05-18 PRACTICAL COMMUNICATIONS, INC. 20
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1320 TOWER ROAD, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2017-05-18
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2017-05-18
Name of individual signing JANICE STOBER-OLIVA
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2015 362882917 2016-05-25 PRACTICAL COMMUNICATIONS, INC. 20
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1320 TOWER ROAD, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2016-05-25
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2016-05-25
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2014 362882917 2015-07-27 PRACTICAL COMMUNICATIONS, INC. 18
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1320 TOWER ROAD, SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2015-07-27
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2015-07-27
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2013 362882917 2014-05-27 PRACTICAL COMMUNICATIONS, INC. 18
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1320 TOWER RD., SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2014-05-27
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2014-05-27
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
PRACTICAL COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN 2012 362882917 2013-05-29 PRACTICAL COMMUNICATIONS, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1985-06-01
Business code 541800
Sponsor’s telephone number 7737543250
Plan sponsor’s address 1320 TOWER RD., SCHAUMBURG, IL, 60173

Signature of
Role Plan administrator
Date 2013-05-28
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-05-28
Name of individual signing SHARON VOLLMAN
Valid signature Filed with authorized/valid electronic signature

Agent

Name and Address Role Appointment Date
MICHAEL TOMLINSON, 8501 W HIGGINS RD #420, CHICAGO, 60631, COOK-NOT IN CITY OF CHICAGO Agent 2017-06-20

President

Name and Address Role
JANICE STOBER OLIVA 1900 E GOLF RD #950 SCHAUMBURG IL 60173 President

Shares

Class Series Voting Rights Authorized Shares Issued Shares Par Value
COMMON A No data Voting Rights 10000 1550000 No data

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5117498309 2021-01-25 0507 PPS 1900 E Golf Rd Ste 950, Schaumburg, IL, 60173-5034
Loan Status Date 2021-12-18
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 207455
Loan Approval Amount (current) 207455
Undisbursed Amount 0
Franchise Name -
Lender Location ID 203722
Servicing Lender Name Northbrook Bank & Trust Company, National Association
Servicing Lender Address 1100 Waukegan Rd, NORTHBROOK, IL, 60062-4663
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Schaumburg, COOK, IL, 60173-5034
Project Congressional District IL-08
Number of Employees 11
NAICS code 541618
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 203722
Originating Lender Name Northbrook Bank & Trust Company, National Association
Originating Lender Address NORTHBROOK, IL
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 209039.73
Forgiveness Paid Date 2021-11-08
7376117003 2020-04-07 0507 PPP 1900 E. Golf Road Ste. 950, SCHAUMBURG, IL, 60173-5006
Loan Status Date 2021-05-25
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 196400
Loan Approval Amount (current) 196400
Undisbursed Amount 0
Franchise Name -
Lender Location ID 203722
Servicing Lender Name Northbrook Bank & Trust Company, National Association
Servicing Lender Address 1100 Waukegan Rd, NORTHBROOK, IL, 60062-4663
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address SCHAUMBURG, COOK, IL, 60173-5006
Project Congressional District IL-08
Number of Employees 11
NAICS code 541618
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 203722
Originating Lender Name Northbrook Bank & Trust Company, National Association
Originating Lender Address NORTHBROOK, IL
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 198413.1
Forgiveness Paid Date 2021-04-22

Related by officers

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Date of last update: 13 Mar 2025

Sources: Illinois Office of the Secretary of State

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