Logo

NORTH AMERICAN POWER 401(K) PLAN 401k Plan overview

Plan NameNORTH AMERICAN POWER 401(K) PLAN
Plan identification number 001

NORTH AMERICAN POWER 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NORTH AMERICAN POWER has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN POWER
Employer identification number (EIN):271077320
NAIC Classification:221500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN POWER 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01JOHN GLAD
0012015-01-01JOHN GLAD
0012015-01-01 KEITH SCHWARTZ2016-10-14
0012015-01-01 KEITH SCHWARTZ2016-10-14
0012014-01-01KEITH SCHWARTZ2015-10-12
0012014-01-01KEITH SCHWARTZ2015-10-16
0012013-01-01RANDALL THERSSEN2014-09-23

Plan Statistics for NORTH AMERICAN POWER 401(K) PLAN

401k plan membership statisitcs for NORTH AMERICAN POWER 401(K) PLAN

Measure Date Value
2015: NORTH AMERICAN POWER 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01151
Total number of active participants reported on line 7a of the Form 55002015-01-0194
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0132
Total of all active and inactive participants2015-01-01126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01126
Number of participants with account balances2015-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on NORTH AMERICAN POWER 401(K) PLAN

Measure Date Value
2015 : NORTH AMERICAN POWER 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,290,317
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$403,044
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$398,678
Expenses. Certain deemed distributions of participant loans2015-12-31$122
Value of total corrective distributions2015-12-31$2,544
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,337,700
Value of total assets at end of year2015-12-31$3,040,632
Value of total assets at beginning of year2015-12-31$2,153,359
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,700
Total interest from all sources2015-12-31$2,900
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$104,641
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$104,641
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$216,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$760,230
Participant contributions at end of year2015-12-31$48,203
Participant contributions at beginning of year2015-12-31$57,439
Assets. Other investments not covered elsewhere at end of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$219,698
Administrative expenses (other) incurred2015-12-31$1,700
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$887,273
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,040,632
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,153,359
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,839,361
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$1,262,938
Interest on participant loans2015-12-31$2,900
Value of interest in common/collective trusts at end of year2015-12-31$1,153,068
Value of interest in common/collective trusts at beginning of year2015-12-31$832,982
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-131,203
Net investment gain or loss from common/collective trusts2015-12-31$-23,721
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
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$357,772
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$398,678
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 appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31RSM US LLP
Accountancy firm EIN2015-12-31420714325

Form 5500 Responses for NORTH AMERICAN POWER 401(K) PLAN

2015: NORTH AMERICAN POWER 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
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

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1