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LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 401k Plan overview

Plan NameLEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND
Plan identification number 001

LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

BD OF TRUSTEES JOINT RETIREMENT FUND has sponsored the creation of one or more 401k plans.

Company Name:BD OF TRUSTEES JOINT RETIREMENT FUND
Employer identification number (EIN):135622665
NAIC Classification:316990
NAIC Description: Other Leather and Allied Product Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01LARRY MAGARIK - TRUSTEE2023-10-12
0012021-01-01DEBRA DUNN - UNION TRUSTEE2022-10-10
0012020-01-01DEBRA DUNN - UNION TRUSTEE2021-12-10
0012019-01-01DEBRA DUNN - UNION TRUSTEE2020-10-09
0012017-01-01LISA O'LEARY UNION TRUSTEE
0012016-01-01LISA O'LEARY UNION TRUSTEE
0012015-01-01LISA O'LEARY UNION TRUSTEE
0012014-01-01LISA O'LEARY UNION TRUSTEE
0012013-01-01LISA O'LEARY
0012012-01-01LISA O'LEARY
0012011-01-01JACK SQUICCIARINI
0012010-01-01JACK SQUICCIARINI
0012009-01-01RICHARD ABONDOLO JACK SQUICCIARINI2010-10-11

Plan Statistics for LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND

401k plan membership statisitcs for LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND

Measure Date Value
2022: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2022 401k membership
Total participants, beginning-of-year2022-01-013,734
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-011,819
Number of other retired or separated participants entitled to future benefits2022-01-011,240
Total of all active and inactive participants2022-01-013,059
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01547
Total participants2022-01-013,606
Number of employers contributing to the scheme2022-01-010
2021: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2021 401k membership
Total participants, beginning-of-year2021-01-013,948
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-011,832
Number of other retired or separated participants entitled to future benefits2021-01-011,336
Total of all active and inactive participants2021-01-013,168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-01566
Total participants2021-01-013,734
Number of employers contributing to the scheme2021-01-010
2020: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2020 401k membership
Total participants, beginning-of-year2020-01-014,083
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-011,941
Number of other retired or separated participants entitled to future benefits2020-01-011,547
Total of all active and inactive participants2020-01-013,488
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01460
Total participants2020-01-013,948
Number of employers contributing to the scheme2020-01-010
2019: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2019 401k membership
Total participants, beginning-of-year2019-01-014,197
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-011,940
Number of other retired or separated participants entitled to future benefits2019-01-011,591
Total of all active and inactive participants2019-01-013,531
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01552
Total participants2019-01-014,083
Number of employers contributing to the scheme2019-01-010
2017: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2017 401k membership
Total participants, beginning-of-year2017-01-014,386
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-012,172
Number of other retired or separated participants entitled to future benefits2017-01-011,776
Total of all active and inactive participants2017-01-013,948
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01331
Total participants2017-01-014,279
Number of employers contributing to the scheme2017-01-010
2016: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2016 401k membership
Total participants, beginning-of-year2016-01-014,476
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-012,211
Number of other retired or separated participants entitled to future benefits2016-01-011,856
Total of all active and inactive participants2016-01-014,067
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-01319
Total participants2016-01-014,386
Number of employers contributing to the scheme2016-01-010
2015: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2015 401k membership
Total participants, beginning-of-year2015-01-014,588
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-012,243
Number of other retired or separated participants entitled to future benefits2015-01-011,929
Total of all active and inactive participants2015-01-014,172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-01304
Total participants2015-01-014,476
Number of employers contributing to the scheme2015-01-010
2014: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2014 401k membership
Total participants, beginning-of-year2014-01-014,691
Number of retired or separated participants receiving benefits2014-01-012,198
Number of other retired or separated participants entitled to future benefits2014-01-012,103
Total of all active and inactive participants2014-01-014,301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-01287
Total participants2014-01-014,588
Number of employers contributing to the scheme2014-01-010
2013: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2013 401k membership
Current value of assets2013-12-3141,685,437
Acturial value of assets for funding standard account2013-12-3150,022,524
Accrued liability for plan using immediate gains methods2013-12-3151,967,896
Accrued liability under unit credit cost method2013-12-3151,967,896
RPA 94 current liability2013-12-3177,291,857
Expected increase in current liability due to benefits accruing during the plan year2013-12-31227,843
Expected plan disbursements for the plan year2013-12-315,459,583
Current value of assets2013-12-3141,685,437
Number of retired participants and beneficiaries receiving payment2013-12-312,479
Current liability for retired participants and beneficiaries receiving payment2013-12-3143,098,753
Number of terminated vested participants2013-12-312,153
Current liability for terminated vested participants2013-12-3128,353,433
Current liability for active participants non vested benefits2013-12-31392,450
Current liability for active participants vested benefits2013-12-315,447,221
Total number of active articipats2013-12-31164
Current liability for active participants2013-12-315,839,671
Total participant count with liabilities2013-12-314,796
Total current liabilitoes for participants with libailities2013-12-3177,291,857
Total employer contributions in plan year2013-12-31228,246
Prior year funding deficiency2013-12-310
Employer’s normal cost for plan year as of valuation date2013-12-312,707,271
Prior year credit balance2013-12-3119,142,653
Amortization credits as of valuation date2013-12-312,708,480
Total participants, beginning-of-year2013-01-014,777
Number of retired or separated participants receiving benefits2013-01-012,313
Number of other retired or separated participants entitled to future benefits2013-01-012,111
Total of all active and inactive participants2013-01-014,424
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-01267
Total participants2013-01-014,691
Number of employers contributing to the scheme2013-01-0118
2012: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2012 401k membership
Total participants, beginning-of-year2012-01-014,870
Total number of active participants reported on line 7a of the Form 55002012-01-01169
Number of retired or separated participants receiving benefits2012-01-012,354
Number of other retired or separated participants entitled to future benefits2012-01-012,012
Total of all active and inactive participants2012-01-014,535
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-01242
Total participants2012-01-014,777
Number of employers contributing to the scheme2012-01-0119
2011: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2011 401k membership
Total participants, beginning-of-year2011-01-014,970
Total number of active participants reported on line 7a of the Form 55002011-01-01171
Number of retired or separated participants receiving benefits2011-01-012,251
Number of other retired or separated participants entitled to future benefits2011-01-012,220
Total of all active and inactive participants2011-01-014,642
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-01228
Total participants2011-01-014,870
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
Number of employers contributing to the scheme2011-01-0122
2010: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2010 401k membership
Total participants, beginning-of-year2010-01-015,273
Total number of active participants reported on line 7a of the Form 55002010-01-01183
Number of retired or separated participants receiving benefits2010-01-012,280
Number of other retired or separated participants entitled to future benefits2010-01-012,291
Total of all active and inactive participants2010-01-014,754
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-01216
Total participants2010-01-014,970
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-013
Number of employers contributing to the scheme2010-01-0125
2009: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2009 401k membership
Total participants, beginning-of-year2009-01-015,768
Total number of active participants reported on line 7a of the Form 55002009-01-01218
Number of retired or separated participants receiving benefits2009-01-012,333
Number of other retired or separated participants entitled to future benefits2009-01-012,634
Total of all active and inactive participants2009-01-015,185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0188
Total participants2009-01-015,273
Number of employers contributing to the scheme2009-01-0114

Financial Data on LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND

Measure Date Value
2022 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$402,424
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$176,047
Total income from all sources (including contributions)2022-12-31$3,891,149
Total of all expenses incurred2022-12-31$4,561,415
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,436,011
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,890,430
Value of total assets at end of year2022-12-31$1,213,808
Value of total assets at beginning of year2022-12-31$1,657,697
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,125,404
Total interest from all sources2022-12-31$719
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$154,932
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$3,890,430
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$34,100
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$234,096
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$215,228
Administrative expenses (other) incurred2022-12-31$616,873
Liabilities. Value of operating payables at end of year2022-12-31$187,196
Liabilities. Value of operating payables at beginning of year2022-12-31$176,047
Total non interest bearing cash at end of year2022-12-31$1,098,846
Total non interest bearing cash at beginning of year2022-12-31$1,383,521
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-670,266
Value of net assets at end of year (total assets less liabilities)2022-12-31$811,384
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,481,650
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$80,862
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$40,080
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$40,080
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$719
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,436,011
Contract administrator fees2022-12-31$353,599
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Qualified
Accountancy firm name2022-12-31NOVAK FRANCELLA, LLC
Accountancy firm EIN2022-12-31611436956
2021 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-6,256
Total unrealized appreciation/depreciation of assets2021-12-31$-6,256
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$176,047
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$230,246
Total income from all sources (including contributions)2021-12-31$2,700,035
Total loss/gain on sale of assets2021-12-31$7,316
Total of all expenses incurred2021-12-31$5,294,148
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,894,141
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,717,048
Value of total assets at end of year2021-12-31$1,657,697
Value of total assets at beginning of year2021-12-31$4,306,009
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$1,400,007
Total interest from all sources2021-12-31$79
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$173,765
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$2,717,048
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$234,096
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$182,769
Administrative expenses (other) incurred2021-12-31$825,053
Liabilities. Value of operating payables at end of year2021-12-31$176,047
Liabilities. Value of operating payables at beginning of year2021-12-31$230,246
Total non interest bearing cash at end of year2021-12-31$1,383,521
Total non interest bearing cash at beginning of year2021-12-31$139,430
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-2,594,113
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,481,650
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,075,763
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at beginning of year2021-12-31$75,111
Investment advisory and management fees2021-12-31$13,369
Value of interest in common/collective trusts at beginning of year2021-12-31$1,060,959
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$40,080
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$2,847,740
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$2,847,740
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$79
Net investment gain or loss from common/collective trusts2021-12-31$-18,152
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,894,141
Contract administrator fees2021-12-31$387,820
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$76,170
Aggregate carrying amount (costs) on sale of assets2021-12-31$68,854
Opinion of an independent qualified public accountant for this plan2021-12-31Qualified
Accountancy firm name2021-12-31NOVAK FRANCELLA, LLC
Accountancy firm EIN2021-12-31611436956
2020 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-33,441
Total unrealized appreciation/depreciation of assets2020-12-31$-33,441
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$230,246
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$202,479
Total income from all sources (including contributions)2020-12-31$4,165,275
Total loss/gain on sale of assets2020-12-31$28,254
Total of all expenses incurred2020-12-31$5,543,301
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$4,044,833
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,995,343
Value of total assets at end of year2020-12-31$4,306,009
Value of total assets at beginning of year2020-12-31$5,656,268
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,498,468
Total interest from all sources2020-12-31$755
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$226,220
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$3,995,343
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$182,769
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$134,953
Other income not declared elsewhere2020-12-31$25,956
Administrative expenses (other) incurred2020-12-31$902,038
Liabilities. Value of operating payables at end of year2020-12-31$230,246
Liabilities. Value of operating payables at beginning of year2020-12-31$202,479
Total non interest bearing cash at end of year2020-12-31$139,430
Total non interest bearing cash at beginning of year2020-12-31$1,160,371
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-1,378,026
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,075,763
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,453,789
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$75,111
Assets. partnership/joint venture interests at beginning of year2020-12-31$455,297
Investment advisory and management fees2020-12-31$25,872
Value of interest in common/collective trusts at end of year2020-12-31$1,060,959
Value of interest in common/collective trusts at beginning of year2020-12-31$3,465,396
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$2,847,740
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$440,251
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$440,251
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$755
Net investment gain or loss from common/collective trusts2020-12-31$148,408
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$4,044,833
Contract administrator fees2020-12-31$344,338
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$375,000
Aggregate carrying amount (costs) on sale of assets2020-12-31$346,746
Opinion of an independent qualified public accountant for this plan2020-12-31Qualified
Accountancy firm name2020-12-31NOVAK FRANCELLA, LLC
Accountancy firm EIN2020-12-31611436956
2019 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$-81,123
Total unrealized appreciation/depreciation of assets2019-12-31$-81,123
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$202,479
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$269,219
Total income from all sources (including contributions)2019-12-31$1,298,017
Total loss/gain on sale of assets2019-12-31$154,904
Total of all expenses incurred2019-12-31$5,979,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,392,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$385,470
Value of total assets at end of year2019-12-31$5,656,268
Value of total assets at beginning of year2019-12-31$10,404,726
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,587,071
Total interest from all sources2019-12-31$3,965
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$328,872
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$385,470
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$134,953
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$103,351
Other income not declared elsewhere2019-12-31$68
Administrative expenses (other) incurred2019-12-31$897,258
Liabilities. Value of operating payables at end of year2019-12-31$202,479
Liabilities. Value of operating payables at beginning of year2019-12-31$269,219
Total non interest bearing cash at end of year2019-12-31$1,160,371
Total non interest bearing cash at beginning of year2019-12-31$1,026,994
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-4,681,718
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,453,789
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$10,135,507
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$455,297
Assets. partnership/joint venture interests at beginning of year2019-12-31$1,281,517
Investment advisory and management fees2019-12-31$34,248
Value of interest in pooled separate accounts at beginning of year2019-12-31$699,972
Value of interest in common/collective trusts at end of year2019-12-31$3,465,396
Value of interest in common/collective trusts at beginning of year2019-12-31$7,037,365
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$440,251
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$255,527
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$255,527
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$3,965
Net investment gain/loss from pooled separate accounts2019-12-31$9,394
Net investment gain or loss from common/collective trusts2019-12-31$825,339
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,392,664
Contract administrator fees2019-12-31$326,693
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$1,050,452
Aggregate carrying amount (costs) on sale of assets2019-12-31$895,548
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Qualified
Accountancy firm name2019-12-31NOVAK FRANCELLA, LLC
Accountancy firm EIN2019-12-31611436956
2018 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-84,830
Total unrealized appreciation/depreciation of assets2018-12-31$-84,830
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$269,219
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$214,533
Total income from all sources (including contributions)2018-12-31$426,147
Total loss/gain on sale of assets2018-12-31$107,406
Total of all expenses incurred2018-12-31$5,481,015
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$4,175,641
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$322,770
Value of total assets at end of year2018-12-31$10,404,726
Value of total assets at beginning of year2018-12-31$15,404,908
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,305,374
Total interest from all sources2018-12-31$1,284
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-12-31$0
Administrative expenses professional fees incurred2018-12-31$175,073
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$322,770
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$103,351
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$150,342
Other income not declared elsewhere2018-12-31$3,812
Administrative expenses (other) incurred2018-12-31$797,035
Liabilities. Value of operating payables at end of year2018-12-31$269,219
Liabilities. Value of operating payables at beginning of year2018-12-31$214,533
Total non interest bearing cash at end of year2018-12-31$1,026,994
Total non interest bearing cash at beginning of year2018-12-31$317,957
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-5,054,868
Value of net assets at end of year (total assets less liabilities)2018-12-31$10,135,507
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$15,190,375
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Assets. partnership/joint venture interests at end of year2018-12-31$1,281,517
Assets. partnership/joint venture interests at beginning of year2018-12-31$2,158,941
Investment advisory and management fees2018-12-31$36,781
Value of interest in pooled separate accounts at end of year2018-12-31$699,972
Value of interest in pooled separate accounts at beginning of year2018-12-31$2,090,582
Value of interest in common/collective trusts at end of year2018-12-31$7,037,365
Value of interest in common/collective trusts at beginning of year2018-12-31$10,676,124
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$255,527
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$10,962
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$10,962
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$1,284
Net investment gain/loss from pooled separate accounts2018-12-31$109,390
Net investment gain or loss from common/collective trusts2018-12-31$-33,685
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$4,175,641
Contract administrator fees2018-12-31$296,485
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$926,283
Aggregate carrying amount (costs) on sale of assets2018-12-31$818,877
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Qualified
Accountancy firm name2018-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2018-12-31611436956
2017 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$48,201
Total unrealized appreciation/depreciation of assets2017-12-31$48,201
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$214,533
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$169,812
Total income from all sources (including contributions)2017-12-31$2,366,984
Total loss/gain on sale of assets2017-12-31$42,206
Total of all expenses incurred2017-12-31$5,569,877
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$4,198,975
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$498,711
Value of total assets at end of year2017-12-31$15,404,908
Value of total assets at beginning of year2017-12-31$18,563,080
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,370,902
Total interest from all sources2017-12-31$68
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-31$0
Administrative expenses professional fees incurred2017-12-31$133,762
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$498,711
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$150,342
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$249,847
Other income not declared elsewhere2017-12-31$368,602
Administrative expenses (other) incurred2017-12-31$900,811
Liabilities. Value of operating payables at end of year2017-12-31$214,533
Liabilities. Value of operating payables at beginning of year2017-12-31$169,812
Total non interest bearing cash at end of year2017-12-31$317,957
Total non interest bearing cash at beginning of year2017-12-31$131,558
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-3,202,893
Value of net assets at end of year (total assets less liabilities)2017-12-31$15,190,375
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$18,393,268
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Assets. partnership/joint venture interests at end of year2017-12-31$2,158,941
Assets. partnership/joint venture interests at beginning of year2017-12-31$2,593,533
Investment advisory and management fees2017-12-31$38,182
Value of interest in pooled separate accounts at end of year2017-12-31$2,090,582
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,271,970
Value of interest in common/collective trusts at end of year2017-12-31$10,676,124
Value of interest in common/collective trusts at beginning of year2017-12-31$11,820,133
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$10,962
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$496,039
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$496,039
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$68
Net investment gain/loss from pooled separate accounts2017-12-31$193,612
Net investment gain or loss from common/collective trusts2017-12-31$1,215,584
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$4,198,975
Contract administrator fees2017-12-31$298,147
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$525,000
Aggregate carrying amount (costs) on sale of assets2017-12-31$482,794
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Qualified
Accountancy firm name2017-12-31NOVAK FRANCELLA,LLC
Accountancy firm EIN2017-12-31611436956
2016 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$66,389
Total unrealized appreciation/depreciation of assets2016-12-31$66,389
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$169,812
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$188,787
Total income from all sources (including contributions)2016-12-31$1,508,031
Total loss/gain on sale of assets2016-12-31$66,966
Total of all expenses incurred2016-12-31$5,696,118
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$4,369,476
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$346,048
Value of total assets at end of year2016-12-31$18,563,080
Value of total assets at beginning of year2016-12-31$22,770,142
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,326,642
Total interest from all sources2016-12-31$202
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Administrative expenses professional fees incurred2016-12-31$166,453
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$1,723,407
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$346,048
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$249,847
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$108,368
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$114
Other income not declared elsewhere2016-12-31$9,860
Administrative expenses (other) incurred2016-12-31$823,040
Liabilities. Value of operating payables at end of year2016-12-31$169,812
Liabilities. Value of operating payables at beginning of year2016-12-31$188,673
Total non interest bearing cash at end of year2016-12-31$131,558
Total non interest bearing cash at beginning of year2016-12-31$2,212,344
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-4,188,087
Value of net assets at end of year (total assets less liabilities)2016-12-31$18,393,268
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$22,581,355
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at end of year2016-12-31$2,593,533
Assets. partnership/joint venture interests at beginning of year2016-12-31$2,435,171
Investment advisory and management fees2016-12-31$35,722
Value of interest in pooled separate accounts at end of year2016-12-31$3,271,970
Value of interest in pooled separate accounts at beginning of year2016-12-31$3,006,222
Value of interest in common/collective trusts at end of year2016-12-31$11,820,133
Value of interest in common/collective trusts at beginning of year2016-12-31$11,077,520
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$496,039
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,207,110
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,207,110
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$202
Net investment gain/loss from pooled separate accounts2016-12-31$265,748
Net investment gain or loss from common/collective trusts2016-12-31$752,818
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$4,369,476
Contract administrator fees2016-12-31$301,427
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$2,634,047
Aggregate carrying amount (costs) on sale of assets2016-12-31$2,567,081
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Qualified
Accountancy firm name2016-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2016-12-31611436956
2015 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-367,535
Total unrealized appreciation/depreciation of assets2015-12-31$-367,535
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$188,787
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$436,324
Total income from all sources (including contributions)2015-12-31$776,678
Total loss/gain on sale of assets2015-12-31$67,502
Total of all expenses incurred2015-12-31$5,808,153
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$4,334,694
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$371,358
Value of total assets at end of year2015-12-31$22,770,142
Value of total assets at beginning of year2015-12-31$28,049,154
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,473,459
Total interest from all sources2015-12-31$3,023
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$43,897
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Assets. Real estate other than employer real property at end of year2015-12-31$0
Assets. Real estate other than employer real property at beginning of year2015-12-31$2,650,975
Administrative expenses professional fees incurred2015-12-31$296,626
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Assets. Other investments not covered elsewhere at end of year2015-12-31$1,723,407
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$3,724,216
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$370,959
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$108,368
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$110,112
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$114
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$5,860
Other income not declared elsewhere2015-12-31$216,567
Administrative expenses (other) incurred2015-12-31$816,326
Liabilities. Value of operating payables at end of year2015-12-31$188,673
Liabilities. Value of operating payables at beginning of year2015-12-31$430,464
Total non interest bearing cash at end of year2015-12-31$2,212,344
Total non interest bearing cash at beginning of year2015-12-31$418,832
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-5,031,475
Value of net assets at end of year (total assets less liabilities)2015-12-31$22,581,355
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$27,612,830
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Assets. partnership/joint venture interests at end of year2015-12-31$2,435,171
Assets. partnership/joint venture interests at beginning of year2015-12-31$4,034,021
Investment advisory and management fees2015-12-31$56,640
Value of interest in pooled separate accounts at end of year2015-12-31$3,006,222
Value of interest in pooled separate accounts at beginning of year2015-12-31$6,006,352
Value of interest in common/collective trusts at end of year2015-12-31$11,077,520
Value of interest in common/collective trusts at beginning of year2015-12-31$229,927
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,207,110
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$945,195
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$945,195
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$3,023
Assets. Value of investments in 103.12 investment entities at end of year2015-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2015-12-31$1,420,883
Net investment gain/loss from pooled separate accounts2015-12-31$499,869
Net investment gain or loss from common/collective trusts2015-12-31$-118,229
Net gain/loss from 103.12 investment entities2015-12-31$60,226
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$399
Income. Dividends from common stock2015-12-31$43,897
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$4,334,694
Contract administrator fees2015-12-31$303,867
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$8,508,641
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$28,162,403
Aggregate carrying amount (costs) on sale of assets2015-12-31$28,094,901
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31NOVAK FRANCELLA, LLC
Accountancy firm EIN2015-12-31611436956
2014 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-9,020,067
Total unrealized appreciation/depreciation of assets2014-12-31$-9,020,067
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$436,324
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$453,813
Total income from all sources (including contributions)2014-12-31$-5,275,360
Total loss/gain on sale of assets2014-12-31$1,732,104
Total of all expenses incurred2014-12-31$6,097,473
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$4,489,661
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$219,762
Value of total assets at end of year2014-12-31$28,049,154
Value of total assets at beginning of year2014-12-31$39,439,476
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,607,812
Total interest from all sources2014-12-31$2,286
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$149,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2014-12-31$0
Assets. Real estate other than employer real property at end of year2014-12-31$2,650,975
Assets. Real estate other than employer real property at beginning of year2014-12-31$8,146,540
Administrative expenses professional fees incurred2014-12-31$303,956
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2014-12-311627681
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Assets. Other investments not covered elsewhere at end of year2014-12-31$3,724,216
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$3,661,815
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$219,762
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$110,112
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$227,210
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$5,860
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$34,355
Other income not declared elsewhere2014-12-31$638,853
Administrative expenses (other) incurred2014-12-31$876,167
Liabilities. Value of operating payables at end of year2014-12-31$430,464
Liabilities. Value of operating payables at beginning of year2014-12-31$419,458
Total non interest bearing cash at end of year2014-12-31$418,832
Total non interest bearing cash at beginning of year2014-12-31$916,777
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-11,372,833
Value of net assets at end of year (total assets less liabilities)2014-12-31$27,612,830
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$38,985,663
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Assets. partnership/joint venture interests at end of year2014-12-31$4,034,021
Assets. partnership/joint venture interests at beginning of year2014-12-31$7,041,009
Investment advisory and management fees2014-12-31$130,377
Value of interest in pooled separate accounts at end of year2014-12-31$6,006,352
Value of interest in pooled separate accounts at beginning of year2014-12-31$5,332,643
Value of interest in common/collective trusts at end of year2014-12-31$229,927
Value of interest in common/collective trusts at beginning of year2014-12-31$2,262,853
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$945,195
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$841,602
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$841,602
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$2,286
Assets. Value of investments in 103.12 investment entities at end of year2014-12-31$1,420,883
Assets. Value of investments in 103.12 investment entities at beginning of year2014-12-31$1,637,944
Net investment gain/loss from pooled separate accounts2014-12-31$673,709
Net investment gain or loss from common/collective trusts2014-12-31$93,046
Net gain/loss from 103.12 investment entities2014-12-31$235,730
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Employer contributions (assets) at beginning of year2014-12-31$1,389
Income. Dividends from common stock2014-12-31$149,217
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$4,489,661
Contract administrator fees2014-12-31$297,312
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$8,508,641
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$9,369,694
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$13,353,995
Aggregate carrying amount (costs) on sale of assets2014-12-31$11,621,891
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2014-12-31611436956
2013 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$1,478,495
Total unrealized appreciation/depreciation of assets2013-12-31$1,478,495
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$453,813
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$154,865
Total income from all sources (including contributions)2013-12-31$4,578,507
Total loss/gain on sale of assets2013-12-31$1,534,809
Total of all expenses incurred2013-12-31$7,278,281
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$4,601,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$228,246
Value of total assets at end of year2013-12-31$39,439,476
Value of total assets at beginning of year2013-12-31$41,840,302
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$2,676,350
Total interest from all sources2013-12-31$6,791
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$164,483
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Assets. Real estate other than employer real property at end of year2013-12-31$8,146,540
Assets. Real estate other than employer real property at beginning of year2013-12-31$7,057,589
Administrative expenses professional fees incurred2013-12-31$247,861
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2013-12-3112449
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Assets. Other investments not covered elsewhere at end of year2013-12-31$3,661,815
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$4,553,576
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$8,136
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$227,210
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$176,184
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$34,355
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$41,386
Other income not declared elsewhere2013-12-31$4,235
Administrative expenses (other) incurred2013-12-31$2,058,006
Liabilities. Value of operating payables at end of year2013-12-31$419,458
Liabilities. Value of operating payables at beginning of year2013-12-31$113,479
Total non interest bearing cash at end of year2013-12-31$916,777
Total non interest bearing cash at beginning of year2013-12-31$320,495
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-2,699,774
Value of net assets at end of year (total assets less liabilities)2013-12-31$38,985,663
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$41,685,437
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$7,041,009
Assets. partnership/joint venture interests at beginning of year2013-12-31$7,958,447
Investment advisory and management fees2013-12-31$143,462
Value of interest in pooled separate accounts at end of year2013-12-31$5,332,643
Value of interest in pooled separate accounts at beginning of year2013-12-31$5,599,714
Value of interest in common/collective trusts at end of year2013-12-31$2,262,853
Value of interest in common/collective trusts at beginning of year2013-12-31$5,486,378
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$841,602
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$882,279
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$882,279
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$6,791
Assets. Value of investments in 103.12 investment entities at end of year2013-12-31$1,637,944
Assets. Value of investments in 103.12 investment entities at beginning of year2013-12-31$1,324,849
Net investment gain/loss from pooled separate accounts2013-12-31$732,929
Net investment gain or loss from common/collective trusts2013-12-31$-80,576
Net gain/loss from 103.12 investment entities2013-12-31$509,095
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$220,110
Employer contributions (assets) at end of year2013-12-31$1,389
Employer contributions (assets) at beginning of year2013-12-31$741
Income. Dividends from common stock2013-12-31$164,483
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$4,601,931
Contract administrator fees2013-12-31$227,021
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$9,369,694
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$8,479,137
Assets. Value of buildings and other operty used in plan operation at beginning of year2013-12-31$913
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$23,992,678
Aggregate carrying amount (costs) on sale of assets2013-12-31$22,457,869
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2013-12-31611436956
2012 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,181,314
Total unrealized appreciation/depreciation of assets2012-12-31$1,181,314
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$154,865
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$145,674
Total income from all sources (including contributions)2012-12-31$3,470,460
Total loss/gain on sale of assets2012-12-31$595,496
Total of all expenses incurred2012-12-31$7,666,672
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$4,963,395
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$232,114
Value of total assets at end of year2012-12-31$41,840,302
Value of total assets at beginning of year2012-12-31$46,027,323
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,703,277
Total interest from all sources2012-12-31$321
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$194,665
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Assets. Real estate other than employer real property at end of year2012-12-31$7,057,589
Assets. Real estate other than employer real property at beginning of year2012-12-31$5,609,176
Administrative expenses professional fees incurred2012-12-31$235,866
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2012-12-310
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Other investments not covered elsewhere at end of year2012-12-31$4,553,576
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$4,247,283
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$176,184
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$277,433
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$41,386
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$1,385
Other income not declared elsewhere2012-12-31$69,006
Administrative expenses (other) incurred2012-12-31$2,089,683
Liabilities. Value of operating payables at end of year2012-12-31$113,479
Liabilities. Value of operating payables at beginning of year2012-12-31$144,289
Total non interest bearing cash at end of year2012-12-31$320,495
Total non interest bearing cash at beginning of year2012-12-31$722,575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-4,196,212
Value of net assets at end of year (total assets less liabilities)2012-12-31$41,685,437
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$45,881,649
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Assets. partnership/joint venture interests at end of year2012-12-31$7,958,447
Assets. partnership/joint venture interests at beginning of year2012-12-31$8,532,175
Investment advisory and management fees2012-12-31$144,164
Value of interest in pooled separate accounts at end of year2012-12-31$5,599,714
Value of interest in pooled separate accounts at beginning of year2012-12-31$5,255,833
Value of interest in common/collective trusts at end of year2012-12-31$5,486,378
Value of interest in common/collective trusts at beginning of year2012-12-31$9,154,896
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$882,279
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$518,033
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$518,033
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$321
Assets. Value of investments in 103.12 investment entities at end of year2012-12-31$1,324,849
Assets. Value of investments in 103.12 investment entities at beginning of year2012-12-31$1,748,253
Net investment gain/loss from pooled separate accounts2012-12-31$603,881
Net investment gain or loss from common/collective trusts2012-12-31$357,251
Net gain/loss from 103.12 investment entities2012-12-31$236,412
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$232,114
Employer contributions (assets) at end of year2012-12-31$741
Employer contributions (assets) at beginning of year2012-12-31$1,609
Income. Dividends from common stock2012-12-31$194,665
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$4,963,395
Contract administrator fees2012-12-31$233,564
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$8,479,137
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$9,958,230
Assets. Value of buildings and other operty used in plan operation at end of year2012-12-31$913
Assets. Value of buildings and other operty used in plan operation at beginning of year2012-12-31$1,827
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$16,864,759
Aggregate carrying amount (costs) on sale of assets2012-12-31$16,269,263
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2012-12-31611436956
2011 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-1,355,190
Total unrealized appreciation/depreciation of assets2011-12-31$-1,355,190
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$145,674
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$108,802
Total income from all sources (including contributions)2011-12-31$1,913,147
Total loss/gain on sale of assets2011-12-31$1,100,757
Total of all expenses incurred2011-12-31$7,624,882
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,582,018
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$254,244
Value of total assets at end of year2011-12-31$46,027,323
Value of total assets at beginning of year2011-12-31$51,702,186
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$3,042,864
Total interest from all sources2011-12-31$7,392
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$199,122
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Assets. Real estate other than employer real property at end of year2011-12-31$5,609,176
Assets. Real estate other than employer real property at beginning of year2011-12-31$4,078,105
Administrative expenses professional fees incurred2011-12-31$279,813
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2011-12-31195974
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Other investments not covered elsewhere at end of year2011-12-31$4,247,283
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$277,433
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$241,387
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$1,385
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$792
Other income not declared elsewhere2011-12-31$160,819
Administrative expenses (other) incurred2011-12-31$2,337,455
Liabilities. Value of operating payables at end of year2011-12-31$144,289
Liabilities. Value of operating payables at beginning of year2011-12-31$108,010
Total non interest bearing cash at end of year2011-12-31$722,575
Total non interest bearing cash at beginning of year2011-12-31$175,774
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-5,711,735
Value of net assets at end of year (total assets less liabilities)2011-12-31$45,881,649
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$51,593,384
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Assets. partnership/joint venture interests at end of year2011-12-31$8,532,175
Assets. partnership/joint venture interests at beginning of year2011-12-31$10,081,431
Investment advisory and management fees2011-12-31$161,681
Value of interest in pooled separate accounts at end of year2011-12-31$5,255,833
Value of interest in pooled separate accounts at beginning of year2011-12-31$1,032,445
Value of interest in common/collective trusts at end of year2011-12-31$9,154,896
Value of interest in common/collective trusts at beginning of year2011-12-31$17,563,050
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$518,033
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$667,914
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$667,914
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$7,392
Assets. Value of investments in 103.12 investment entities at end of year2011-12-31$1,748,253
Assets. Value of investments in 103.12 investment entities at beginning of year2011-12-31$2,773,615
Net investment gain/loss from pooled separate accounts2011-12-31$623,388
Net investment gain or loss from common/collective trusts2011-12-31$916,977
Net gain/loss from 103.12 investment entities2011-12-31$5,638
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$254,244
Employer contributions (assets) at end of year2011-12-31$1,609
Employer contributions (assets) at beginning of year2011-12-31$30,011
Income. Dividends from common stock2011-12-31$199,122
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,582,018
Contract administrator fees2011-12-31$263,915
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$9,958,230
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$15,055,568
Assets. Value of buildings and other operty used in plan operation at end of year2011-12-31$1,827
Assets. Value of buildings and other operty used in plan operation at beginning of year2011-12-31$2,886
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$24,348,778
Aggregate carrying amount (costs) on sale of assets2011-12-31$23,248,021
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2011-12-31611436956
2010 : LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$1,596,750
Total unrealized appreciation/depreciation of assets2010-12-31$1,596,750
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$108,802
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$227,338
Total income from all sources (including contributions)2010-12-31$5,564,282
Total loss/gain on sale of assets2010-12-31$938,202
Total of all expenses incurred2010-12-31$8,290,083
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$4,886,477
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$266,275
Value of total assets at end of year2010-12-31$51,702,186
Value of total assets at beginning of year2010-12-31$54,546,523
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,403,606
Total interest from all sources2010-12-31$4,970
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$114,385
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Assets. Real estate other than employer real property at end of year2010-12-31$4,078,105
Administrative expenses professional fees incurred2010-12-31$394,047
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers2010-12-3113502
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$241,387
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$172,450
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$792
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$85,987
Other income not declared elsewhere2010-12-31$169,896
Administrative expenses (other) incurred2010-12-31$2,453,188
Liabilities. Value of operating payables at end of year2010-12-31$108,010
Liabilities. Value of operating payables at beginning of year2010-12-31$141,351
Total non interest bearing cash at end of year2010-12-31$175,774
Total non interest bearing cash at beginning of year2010-12-31$777,679
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-2,725,801
Value of net assets at end of year (total assets less liabilities)2010-12-31$51,593,384
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$54,319,185
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$10,081,431
Assets. partnership/joint venture interests at beginning of year2010-12-31$12,948,207
Investment advisory and management fees2010-12-31$247,072
Value of interest in pooled separate accounts at end of year2010-12-31$1,032,445
Value of interest in pooled separate accounts at beginning of year2010-12-31$889,677
Interest earned on other investments2010-12-31$4,586
Value of interest in common/collective trusts at end of year2010-12-31$17,563,050
Value of interest in common/collective trusts at beginning of year2010-12-31$25,065,109
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$667,914
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$426,630
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$426,630
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$384
Assets. Value of investments in 103.12 investment entities at end of year2010-12-31$2,773,615
Assets. Value of investments in 103.12 investment entities at beginning of year2010-12-31$4,645,423
Net investment gain/loss from pooled separate accounts2010-12-31$142,768
Net investment gain or loss from common/collective trusts2010-12-31$1,752,844
Net gain/loss from 103.12 investment entities2010-12-31$578,192
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$266,275
Employer contributions (assets) at end of year2010-12-31$30,011
Income. Dividends from common stock2010-12-31$114,385
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$4,886,477
Contract administrator fees2010-12-31$309,299
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$15,055,568
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$9,616,406
Assets. Value of buildings and other operty used in plan operation at end of year2010-12-31$2,886
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-12-31$4,942
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$27,219,675
Aggregate carrying amount (costs) on sale of assets2010-12-31$26,281,473
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31NOVAK FRANCELLA LLC
Accountancy firm EIN2010-12-31611436956

Form 5500 Responses for LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND

2022: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2022 form 5500 responses
2022-01-01Type of plan entityMulti-employer plan
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2021 form 5500 responses
2021-01-01Type of plan entityMulti-employer plan
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2020 form 5500 responses
2020-01-01Type of plan entityMulti-employer plan
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2019 form 5500 responses
2019-01-01Type of plan entityMulti-employer plan
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2017: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2017 form 5500 responses
2017-01-01Type of plan entityMulti-employer plan
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2016 form 5500 responses
2016-01-01Type of plan entityMulti-employer plan
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2015 form 5500 responses
2015-01-01Type of plan entityMulti-employer plan
2015-01-01Plan is a collectively bargained planYes
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2014 form 5500 responses
2014-01-01Type of plan entityMulti-employer plan
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2013 form 5500 responses
2013-01-01Type of plan entityMulti-employer plan
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2012 form 5500 responses
2012-01-01Type of plan entityMulti-employer plan
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2011 form 5500 responses
2011-01-01Type of plan entityMulti-employer plan
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2010 form 5500 responses
2010-01-01Type of plan entityMulti-employer plan
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: LEATHER GOODS, HANDBAGS, AND NOVELTY WORKERS UNION LOCAL 1 JOINT RETIREMENT FUND 2009 form 5500 responses
2009-01-01Type of plan entityMulti-employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number6-15118
Policy instance 1
Insurance contract or identification number6-15118
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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