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NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameNEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

NEXT GENERATION FILMS, INC. 401K PROFIT SHARING 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

NEXT GENERATION FILMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEXT GENERATION FILMS, INC.
Employer identification number (EIN):341756590
NAIC Classification:326100

Additional information about NEXT GENERATION FILMS, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2007-01-16
Company Identification Number: 1673016
Legal Registered Office Address: SIX WEST THIRD STREET, SUITE 200
-
MANSFIELD
United States of America (USA)
44902

More information about NEXT GENERATION FILMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01DAVID REHFELDT
0012010-01-01DAVID REHFELDT
0012009-01-01DAVID A FRECKA

Plan Statistics for NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2011: NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01182
Total number of active participants reported on line 7a of the Form 55002011-01-01154
Number of retired or separated participants receiving benefits2011-01-015
Number of other retired or separated participants entitled to future benefits2011-01-0124
Total of all active and inactive participants2011-01-01183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01183
Number of participants with account balances2011-01-01144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0124
2010: NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01149
Total number of active participants reported on line 7a of the Form 55002010-01-01124
Number of retired or separated participants receiving benefits2010-01-013
Number of other retired or separated participants entitled to future benefits2010-01-0119
Total of all active and inactive participants2010-01-01146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01146
Number of participants with account balances2010-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0113
2009: NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01143
Total number of active participants reported on line 7a of the Form 55002009-01-01106
Number of retired or separated participants receiving benefits2009-01-013
Number of other retired or separated participants entitled to future benefits2009-01-0118
Total of all active and inactive participants2009-01-01127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01127
Number of participants with account balances2009-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-016

Financial Data on NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2011 : NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$517,671
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$615,655
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$589,991
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$481,892
Value of total assets at end of year2011-12-31$2,519,695
Value of total assets at beginning of year2011-12-31$2,617,679
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$25,664
Total interest from all sources2011-12-31$6,254
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
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
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$271,901
Participant contributions at end of year2011-12-31$144,574
Participant contributions at beginning of year2011-12-31$104,680
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$3,347
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-97,984
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,519,695
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,617,679
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
Investment advisory and management fees2011-12-31$5,912
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,785,680
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,950,805
Interest on participant loans2011-12-31$5,516
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$589,441
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$562,194
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$562,194
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$738
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$29,525
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 contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$206,644
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$589,991
Contract administrator fees2011-12-31$19,752
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 name2011-12-31REA & ASSOCIATES, INC
Accountancy firm EIN2011-12-31341310124
2010 : NEXT GENERATION FILMS, INC. 401K 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$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$569,566
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$154,982
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$130,400
Expenses. Certain deemed distributions of participant loans2010-12-31$16,588
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$380,302
Value of total assets at end of year2010-12-31$2,617,679
Value of total assets at beginning of year2010-12-31$2,203,095
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$7,994
Total interest from all sources2010-12-31$5,406
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$150,000
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$222,554
Participant contributions at end of year2010-12-31$104,680
Participant contributions at beginning of year2010-12-31$83,761
Participant contributions at beginning of year2010-12-31$5,349
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$327
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$414,584
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,617,679
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,203,095
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$270
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,950,805
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,687,309
Interest on participant loans2010-12-31$5,406
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$562,194
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$426,676
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$426,676
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$183,858
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$157,421
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$130,400
Contract administrator fees2010-12-31$7,724
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 name2010-12-31KLESHINSKI MORRISON & MORRIS, LLP
Accountancy firm EIN2010-12-31341568021

Form 5500 Responses for NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN

2011: NEXT GENERATION FILMS, INC. 401K PROFIT SHARING 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 is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: NEXT GENERATION FILMS, INC. 401K PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
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 is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NEXT GENERATION FILMS, INC. 401K 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

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