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SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 401k Plan overview

Plan NameSMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN
Plan identification number 001

SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SMITH & WESSON SECURITY SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SMITH & WESSON SECURITY SOLUTIONS, INC.
Employer identification number (EIN):270377325
NAIC Classification:238900

Additional information about SMITH & WESSON SECURITY SOLUTIONS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2009-12-09
Company Identification Number: F181024
Legal Registered Office Address: 100 SHOCKOE SLIP
2ND FLOOR
RICHMOND
United States of America (USA)
23219

More information about SMITH & WESSON SECURITY SOLUTIONS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01ROBERT PION
0012015-01-01ROBERT PION
0012014-01-01ROBERT PION
0012011-01-01RAYSAIL JONES
0012010-01-01GRANT SMOTHERS
0012009-01-01LEONARD SAFFORD

Plan Statistics for SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN

401k plan membership statisitcs for SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN

Measure Date Value
2016: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0196
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
2015: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0199
Total number of active participants reported on line 7a of the Form 55002015-01-0186
Number of other retired or separated participants entitled to future benefits2015-01-0110
Total of all active and inactive participants2015-01-0196
Total participants2015-01-0196
Number of participants with account balances2015-01-0111
2014: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01101
Total number of active participants reported on line 7a of the Form 55002014-01-0186
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0113
Total of all active and inactive participants2014-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0199
Number of participants with account balances2014-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2011: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01186
Total number of active participants reported on line 7a of the Form 55002011-01-01114
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0115
Total of all active and inactive participants2011-01-01129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01129
Number of participants with account balances2011-01-0137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01180
Total number of active participants reported on line 7a of the Form 55002010-01-01176
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0110
Total of all active and inactive participants2010-01-01186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01186
Number of participants with account balances2010-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0160
Total number of active participants reported on line 7a of the Form 55002009-01-01140
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-01144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01144
Number of participants with account balances2009-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN

Measure Date Value
2016 : SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-05-13$0
Total plan liabilities at end of year2016-05-13$0
Total plan liabilities at beginning of year2016-05-13$0
Total income from all sources2016-05-13$-819
Expenses. Total of all expenses incurred2016-05-13$191,248
Benefits paid (including direct rollovers)2016-05-13$190,325
Total plan assets at end of year2016-05-13$0
Total plan assets at beginning of year2016-05-13$192,067
Value of fidelity bond covering the plan2016-05-13$10,000,000
Total contributions received or receivable from participants2016-05-13$0
Expenses. Other expenses not covered elsewhere2016-05-13$0
Contributions received from other sources (not participants or employers)2016-05-13$0
Other income received2016-05-13$-819
Noncash contributions received2016-05-13$0
Net income (gross income less expenses)2016-05-13$-192,067
Net plan assets at end of year (total assets less liabilities)2016-05-13$0
Net plan assets at beginning of year (total assets less liabilities)2016-05-13$192,067
Total contributions received or receivable from employer(s)2016-05-13$0
Value of certain deemed distributions of participant loans2016-05-13$0
Value of corrective distributions2016-05-13$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-05-13$923
2015 : SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$2,213
Expenses. Total of all expenses incurred2015-12-31$62,442
Benefits paid (including direct rollovers)2015-12-31$60,054
Total plan assets at end of year2015-12-31$192,067
Total plan assets at beginning of year2015-12-31$252,296
Value of fidelity bond covering the plan2015-12-31$10,000,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$2,213
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-60,229
Net plan assets at end of year (total assets less liabilities)2015-12-31$192,067
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$252,296
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,388
2014 : SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$19,077
Expenses. Total of all expenses incurred2014-12-31$21,015
Benefits paid (including direct rollovers)2014-12-31$18,042
Total plan assets at end of year2014-12-31$252,296
Total plan assets at beginning of year2014-12-31$254,234
Value of fidelity bond covering the plan2014-12-31$10,000,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$19,077
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-1,938
Net plan assets at end of year (total assets less liabilities)2014-12-31$252,296
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$254,234
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,973
2011 : SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$157,728
Total of all expenses incurred2011-12-31$168,336
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$158,314
Value of total corrective distributions2011-12-31$7,976
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$175,134
Value of total assets at end of year2011-12-31$444,245
Value of total assets at beginning of year2011-12-31$454,853
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,046
Total interest from all sources2011-12-31$2
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$7,278
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$7,278
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$265,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$174,791
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$343
Administrative expenses (other) incurred2011-12-31$2,046
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-10,608
Value of net assets at end of year (total assets less liabilities)2011-12-31$444,245
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$454,853
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$436,136
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$448,724
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$8,109
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$6,129
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$6,129
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-24,686
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$158,314
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
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31LATTIMORE BLACK MORGAN & CAIN, PC
Accountancy firm EIN2011-12-31621199757
2010 : SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$262,379
Total of all expenses incurred2010-12-31$2,461
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$208,840
Value of total assets at end of year2010-12-31$454,853
Value of total assets at beginning of year2010-12-31$194,935
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,410
Total interest from all sources2010-12-31$1
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$5,082
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$5,082
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$265,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$182,055
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$26,785
Administrative expenses (other) incurred2010-12-31$1,410
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$259,918
Value of net assets at end of year (total assets less liabilities)2010-12-31$454,853
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$194,935
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$448,724
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$190,514
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$6,129
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$4,421
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$4,421
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$48,456
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 contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,051
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
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 name2010-12-31LATTIMORE, BLACK, MORGAN & CAIN, PC
Accountancy firm EIN2010-12-31621199757
2009 : SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN

2016: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2011: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SMITH & WESSON SECURITY SOLUTIONS, INC. 401(K) 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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