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SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION 401k Plan overview

Plan NameSPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION
Plan identification number 001

SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.

401k Sponsoring company profile

INFONOW CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:INFONOW CORPORATION
Employer identification number (EIN):043083360
NAIC Classification:541214
NAIC Description:Payroll Services

Additional information about INFONOW CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2245005

More information about INFONOW CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01DAN TOOMEY2017-10-04
0012016-01-01DAN TOOMEY2017-06-29
0012012-01-01ROGER METZ
0012011-01-01LAURA JACOBSEN2012-09-28
0012010-01-01ELAINE HARDIE2011-10-12

Plan Statistics for SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION

401k plan membership statisitcs for SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION

Measure Date Value
2012: SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION 2012 401k membership
Total participants, beginning-of-year2012-01-01141
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION

Measure Date Value
2012 : SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-02-29$0
Total transfer of assets from this plan2012-02-29$2,299,526
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-02-29$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-02-29$0
Total income from all sources (including contributions)2012-02-29$216,109
Total loss/gain on sale of assets2012-02-29$0
Total of all expenses incurred2012-02-29$169,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-02-29$168,521
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-02-29$13,707
Value of total assets at end of year2012-02-29$0
Value of total assets at beginning of year2012-02-29$2,252,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-02-29$567
Total interest from all sources2012-02-29$619
Total dividends received (eg from common stock, registered investment company shares)2012-02-29$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-02-29Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-02-29$0
Was this plan covered by a fidelity bond2012-02-29Yes
Value of fidelity bond cover2012-02-29$1,000,000
If this is an individual account plan, was there a blackout period2012-02-29Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-02-29$0
Were there any nonexempt tranactions with any party-in-interest2012-02-29No
Contributions received from participants2012-02-29$13,707
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-02-29No
Value of net income/loss2012-02-29$47,021
Value of net assets at end of year (total assets less liabilities)2012-02-29$0
Value of net assets at beginning of year (total assets less liabilities)2012-02-29$2,252,505
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-02-29No
Were any loans by the plan or fixed income obligations due to the plan in default2012-02-29No
Were any leases to which the plan was party in default or uncollectible2012-02-29No
Value of interest in pooled separate accounts at end of year2012-02-29$0
Value of interest in pooled separate accounts at beginning of year2012-02-29$1,960,946
Interest earned on other investments2012-02-29$619
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-02-29$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-02-29$291,559
Net investment gain/loss from pooled separate accounts2012-02-29$201,783
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-02-29No
Was there a failure to transmit to the plan any participant contributions2012-02-29No
Has the plan failed to provide any benefit when due under the plan2012-02-29No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-02-29$168,521
Contract administrator fees2012-02-29$567
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-02-29Yes
Did the plan have assets held for investment2012-02-29Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-02-29No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-02-29Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-02-29Yes
Opinion of an independent qualified public accountant for this plan2012-02-29Disclaimer
Accountancy firm name2012-02-29HEIN & ASSOCIATES LLP
Accountancy firm EIN2012-02-29840749233

Form 5500 Responses for SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION

2012: SPINOFF AND TERMINATION PLAN FOR INFONOW CORPORATION 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number801770
Policy instance 1
Insurance contract or identification number801770
Number of Individuals Covered0
Insurance policy start date2012-01-01
Insurance policy end date2012-02-29
Total amount of commissions paid to insurance brokerUSD $1,120
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,120
Insurance broker organization code?3
Insurance broker nameJHW FINANCIAL SERVICES INC

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