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THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE NEW FLORIDA INDUSTRIAL ELECTRIC , INC. has sponsored the creation of one or more 401k plans.

Company Name:THE NEW FLORIDA INDUSTRIAL ELECTRIC , INC.
Employer identification number (EIN):202950491
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01MICHAEL SCHARF2017-09-28
0012015-01-01MICHAEL SCHARF2016-10-10
0012014-01-01MICHAEL SCHARF2015-07-17
0012013-01-01MICHAEL SCHARF2014-03-11 MICHAEL SCHARF2014-03-11
0012012-01-01MICHAEL SCHARF2013-05-20 MICHAEL SCHARF2013-05-20
0012011-01-01MICHAEL SCHARF2012-06-12 MICHAEL SCHARF2012-06-12
0012009-01-01SERENA MORSE

Plan Statistics for THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2009: THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01123
Total number of active participants reported on line 7a of the Form 55002009-01-0185
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0194
Number of participants with account balances2009-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0133

Financial Data on THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,049
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,351
Total income from all sources (including contributions)2010-12-31$226,558
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$230,153
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$224,344
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$86,000
Value of total assets at end of year2010-12-31$1,137,275
Value of total assets at beginning of year2010-12-31$1,142,172
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$5,809
Total interest from all sources2010-12-31$5,628
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$79,583
Participant contributions at end of year2010-12-31$115,887
Participant contributions at beginning of year2010-12-31$104,035
Participant contributions at end of year2010-12-31$41
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$1,593
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$1,049
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$2,351
Administrative expenses (other) incurred2010-12-31$1,900
Total non interest bearing cash at end of year2010-12-31$230
Total non interest bearing cash at beginning of year2010-12-31$47,665
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-3,595
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,136,226
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,139,821
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
Investment advisory and management fees2010-12-31$3,131
Value of interest in pooled separate accounts at end of year2010-12-31$1,020,070
Value of interest in pooled separate accounts at beginning of year2010-12-31$990,294
Interest on participant loans2010-12-31$5,418
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$210
Net investment gain/loss from pooled separate accounts2010-12-31$134,930
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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$4,824
Employer contributions (assets) at end of year2010-12-31$1,047
Employer contributions (assets) at beginning of year2010-12-31$178
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$224,344
Contract administrator fees2010-12-31$778
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31RETZ BAKER CPAS
Accountancy firm EIN2010-12-31592864149

Form 5500 Responses for THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN

2009: THE NEW FLORIDA INDUSTRIAL ELECTIC, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number67464
Policy instance 1
Insurance contract or identification number67464
Number of Individuals Covered83
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 $5,076
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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