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DISABILITY INCOME MEDICAL 401k Plan overview

Plan NameDISABILITY INCOME MEDICAL
Plan identification number 501

DISABILITY INCOME MEDICAL Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Temporary disability (accident and sickness)

401k Sponsoring company profile

INWOOD OFFICE FURNITURE, INC. has sponsored the creation of one or more 401k plans.

Company Name:INWOOD OFFICE FURNITURE, INC.
Employer identification number (EIN):350831147
NAIC Classification:321900

Additional information about INWOOD OFFICE FURNITURE, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1988-07-20
Company Identification Number: K29959
Legal Registered Office Address: 6204 LYNMAR DR

LAKELAND

33813

More information about INWOOD OFFICE FURNITURE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DISABILITY INCOME MEDICAL

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012014-05-01RON STEFFE RON STEFFE2015-09-24
5012013-05-01RON STEFFE RON STEFFE2015-02-06
5012012-05-01RON STEFFE RON STEFFE2013-11-27
5012011-05-01RON STEFFE RON STEFFE2013-02-04
5012010-05-01RON STEFFE RON STEFFE2011-11-30
5012009-05-01RON STEFFE RON STEFFE2011-02-02

Plan Statistics for DISABILITY INCOME MEDICAL

401k plan membership statisitcs for DISABILITY INCOME MEDICAL

Measure Date Value
2014: DISABILITY INCOME MEDICAL 2014 401k membership
Total participants, beginning-of-year2014-05-0182
Total number of active participants reported on line 7a of the Form 55002014-05-010
Number of retired or separated participants receiving benefits2014-05-010
Number of other retired or separated participants entitled to future benefits2014-05-010
Total of all active and inactive participants2014-05-010
2013: DISABILITY INCOME MEDICAL 2013 401k membership
Total participants, beginning-of-year2013-05-01100
Total number of active participants reported on line 7a of the Form 55002013-05-0182
Number of retired or separated participants receiving benefits2013-05-010
Total of all active and inactive participants2013-05-0182
2012: DISABILITY INCOME MEDICAL 2012 401k membership
Total participants, beginning-of-year2012-05-01102
Total number of active participants reported on line 7a of the Form 55002012-05-01100
Number of retired or separated participants receiving benefits2012-05-010
Total of all active and inactive participants2012-05-01100
2011: DISABILITY INCOME MEDICAL 2011 401k membership
Total participants, beginning-of-year2011-05-01114
Total number of active participants reported on line 7a of the Form 55002011-05-01102
Number of retired or separated participants receiving benefits2011-05-010
Total of all active and inactive participants2011-05-01102
2010: DISABILITY INCOME MEDICAL 2010 401k membership
Total participants, beginning-of-year2010-05-01125
Total number of active participants reported on line 7a of the Form 55002010-05-01114
Number of retired or separated participants receiving benefits2010-05-010
Total of all active and inactive participants2010-05-01114
2009: DISABILITY INCOME MEDICAL 2009 401k membership
Total participants, beginning-of-year2009-05-01146
Total number of active participants reported on line 7a of the Form 55002009-05-01125
Number of retired or separated participants receiving benefits2009-05-013
Total of all active and inactive participants2009-05-01128

Financial Data on DISABILITY INCOME MEDICAL

Measure Date Value
2015 : DISABILITY INCOME MEDICAL 2015 401k financial data
Total plan liabilities at beginning of year2015-02-28$22,121
Total income from all sources2015-02-28$355,239
Expenses. Total of all expenses incurred2015-02-28$377,268
Benefits paid (including direct rollovers)2015-02-28$291,424
Total plan assets at end of year2015-02-28$0
Total plan assets at beginning of year2015-02-28$44,150
Value of fidelity bond covering the plan2015-02-28$500,000
Total contributions received or receivable from participants2015-02-28$94,427
Net income (gross income less expenses)2015-02-28$-22,029
Net plan assets at end of year (total assets less liabilities)2015-02-28$0
Net plan assets at beginning of year (total assets less liabilities)2015-02-28$22,029
Total contributions received or receivable from employer(s)2015-02-28$260,812
Expenses. Administrative service providers (salaries,fees and commissions)2015-02-28$85,844
2014 : DISABILITY INCOME MEDICAL 2014 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-04-30$22,121
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-04-30$30,546
Total income from all sources (including contributions)2014-04-30$622,732
Total of all expenses incurred2014-04-30$622,732
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-04-30$479,418
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-04-30$622,732
Value of total assets at end of year2014-04-30$44,150
Value of total assets at beginning of year2014-04-30$52,575
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-04-30$143,314
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-04-30No
Was this plan covered by a fidelity bond2014-04-30Yes
Value of fidelity bond cover2014-04-30$500,000
If this is an individual account plan, was there a blackout period2014-04-30No
Were there any nonexempt tranactions with any party-in-interest2014-04-30No
Contributions received from participants2014-04-30$157,757
Participant contributions at end of year2014-04-30$3,700
Participant contributions at beginning of year2014-04-30$1,610
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-04-30No
Value of net assets at end of year (total assets less liabilities)2014-04-30$22,029
Value of net assets at beginning of year (total assets less liabilities)2014-04-30$22,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-04-30No
Were any loans by the plan or fixed income obligations due to the plan in default2014-04-30No
Were any leases to which the plan was party in default or uncollectible2014-04-30No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-04-30No
Was there a failure to transmit to the plan any participant contributions2014-04-30No
Has the plan failed to provide any benefit when due under the plan2014-04-30No
Contributions received in cash from employer2014-04-30$464,975
Employer contributions (assets) at end of year2014-04-30$40,450
Employer contributions (assets) at beginning of year2014-04-30$50,965
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-04-30$479,418
Contract administrator fees2014-04-30$143,314
Liabilities. Value of benefit claims payable at end of year2014-04-30$22,121
Liabilities. Value of benefit claims payable at beginning of year2014-04-30$30,546
Did the plan have assets held for investment2014-04-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-04-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-04-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-04-30No
Opinion of an independent qualified public accountant for this plan2014-04-30Unqualified
Accountancy firm name2014-04-30BUECHLEIN & ASSOCIATES, P.C.
Accountancy firm EIN2014-04-30351387485
2013 : DISABILITY INCOME MEDICAL 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-04-30$30,546
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-04-30$9,265
Total income from all sources (including contributions)2013-04-30$1,012,024
Total of all expenses incurred2013-04-30$1,012,024
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-04-30$925,489
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-04-30$1,012,021
Value of total assets at end of year2013-04-30$52,575
Value of total assets at beginning of year2013-04-30$31,294
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-04-30$86,535
Total interest from all sources2013-04-30$3
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-04-30No
Was this plan covered by a fidelity bond2013-04-30Yes
Value of fidelity bond cover2013-04-30$500,000
If this is an individual account plan, was there a blackout period2013-04-30No
Were there any nonexempt tranactions with any party-in-interest2013-04-30No
Contributions received from participants2013-04-30$148,965
Participant contributions at end of year2013-04-30$1,610
Participant contributions at beginning of year2013-04-30$11,218
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-04-30No
Value of net assets at end of year (total assets less liabilities)2013-04-30$22,029
Value of net assets at beginning of year (total assets less liabilities)2013-04-30$22,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-04-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-04-30No
Were any leases to which the plan was party in default or uncollectible2013-04-30No
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-04-30$17,770
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-04-30$17,770
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-04-30$3
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-04-30No
Was there a failure to transmit to the plan any participant contributions2013-04-30No
Has the plan failed to provide any benefit when due under the plan2013-04-30No
Contributions received in cash from employer2013-04-30$863,056
Employer contributions (assets) at end of year2013-04-30$50,965
Employer contributions (assets) at beginning of year2013-04-30$2,306
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-04-30$925,489
Contract administrator fees2013-04-30$86,535
Liabilities. Value of benefit claims payable at end of year2013-04-30$30,546
Liabilities. Value of benefit claims payable at beginning of year2013-04-30$9,265
Did the plan have assets held for investment2013-04-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-04-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-04-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-04-30No
Opinion of an independent qualified public accountant for this plan2013-04-30Unqualified
Accountancy firm name2013-04-30BUECHLEIN & ASSOCIATES, P.C.
Accountancy firm EIN2013-04-30351387485
2012 : DISABILITY INCOME MEDICAL 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-04-30$9,265
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-04-30$26,482
Total income from all sources (including contributions)2012-04-30$608,158
Total of all expenses incurred2012-04-30$608,158
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-04-30$578,208
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-04-30$608,133
Value of total assets at end of year2012-04-30$31,294
Value of total assets at beginning of year2012-04-30$48,511
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-04-30$29,950
Total interest from all sources2012-04-30$25
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-04-30No
Was this plan covered by a fidelity bond2012-04-30Yes
Value of fidelity bond cover2012-04-30$500,000
If this is an individual account plan, was there a blackout period2012-04-30No
Were there any nonexempt tranactions with any party-in-interest2012-04-30No
Contributions received from participants2012-04-30$285,922
Participant contributions at end of year2012-04-30$11,218
Participant contributions at beginning of year2012-04-30$13,854
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-04-30No
Value of net assets at end of year (total assets less liabilities)2012-04-30$22,029
Value of net assets at beginning of year (total assets less liabilities)2012-04-30$22,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-04-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-04-30No
Were any leases to which the plan was party in default or uncollectible2012-04-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-04-30$17,770
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-04-30$9,562
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-04-30$9,562
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-04-30$25
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-04-30No
Was there a failure to transmit to the plan any participant contributions2012-04-30Yes
Has the plan failed to provide any benefit when due under the plan2012-04-30No
Contributions received in cash from employer2012-04-30$322,211
Employer contributions (assets) at end of year2012-04-30$2,306
Employer contributions (assets) at beginning of year2012-04-30$25,095
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-04-30$578,208
Contract administrator fees2012-04-30$29,950
Liabilities. Value of benefit claims payable at end of year2012-04-30$9,265
Liabilities. Value of benefit claims payable at beginning of year2012-04-30$26,482
Did the plan have assets held for investment2012-04-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-04-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-04-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-04-30No
Opinion of an independent qualified public accountant for this plan2012-04-30Unqualified
Accountancy firm name2012-04-30BUECHLEIN & ASSOCIATES, P.C.
Accountancy firm EIN2012-04-30351387485
2011 : DISABILITY INCOME MEDICAL 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-04-30$26,482
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-04-30$25,035
Total income from all sources (including contributions)2011-04-30$932,077
Total of all expenses incurred2011-04-30$932,077
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-04-30$900,137
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-04-30$932,050
Value of total assets at end of year2011-04-30$48,511
Value of total assets at beginning of year2011-04-30$47,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-04-30$31,940
Total interest from all sources2011-04-30$27
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-04-30No
Was this plan covered by a fidelity bond2011-04-30Yes
Value of fidelity bond cover2011-04-30$500,000
If this is an individual account plan, was there a blackout period2011-04-30No
Were there any nonexempt tranactions with any party-in-interest2011-04-30No
Contributions received from participants2011-04-30$178,208
Participant contributions at end of year2011-04-30$13,854
Income. Received or receivable in cash from other sources (including rollovers)2011-04-30$57,246
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-04-30$308
Administrative expenses (other) incurred2011-04-30$5,254
Total non interest bearing cash at beginning of year2011-04-30$46,756
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-04-30No
Value of net assets at end of year (total assets less liabilities)2011-04-30$22,029
Value of net assets at beginning of year (total assets less liabilities)2011-04-30$22,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-04-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-04-30No
Were any leases to which the plan was party in default or uncollectible2011-04-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-04-30$9,562
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-04-30$27
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-04-30No
Was there a failure to transmit to the plan any participant contributions2011-04-30No
Has the plan failed to provide any benefit when due under the plan2011-04-30No
Contributions received in cash from employer2011-04-30$696,596
Employer contributions (assets) at end of year2011-04-30$25,095
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-04-30$900,137
Contract administrator fees2011-04-30$26,686
Liabilities. Value of benefit claims payable at end of year2011-04-30$26,482
Liabilities. Value of benefit claims payable at beginning of year2011-04-30$25,035
Did the plan have assets held for investment2011-04-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-04-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-04-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-04-30No
Opinion of an independent qualified public accountant for this plan2011-04-30Unqualified
Accountancy firm name2011-04-30BUECHLEIN & ASSOCIATES, P.C.
Accountancy firm EIN2011-04-30351387485

Form 5500 Responses for DISABILITY INCOME MEDICAL

2014: DISABILITY INCOME MEDICAL 2014 form 5500 responses
2014-05-01Type of plan entitySingle employer plan
2014-05-01This submission is the final filingYes
2014-05-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-05-01Plan funding arrangement – TrustYes
2014-05-01Plan benefit arrangement - TrustYes
2013: DISABILITY INCOME MEDICAL 2013 form 5500 responses
2013-05-01Type of plan entitySingle employer plan
2013-05-01Plan funding arrangement – TrustYes
2013-05-01Plan benefit arrangement - TrustYes
2012: DISABILITY INCOME MEDICAL 2012 form 5500 responses
2012-05-01Type of plan entitySingle employer plan
2012-05-01Plan funding arrangement – TrustYes
2012-05-01Plan benefit arrangement - TrustYes
2011: DISABILITY INCOME MEDICAL 2011 form 5500 responses
2011-05-01Type of plan entitySingle employer plan
2011-05-01Plan funding arrangement – TrustYes
2011-05-01Plan benefit arrangement - TrustYes
2010: DISABILITY INCOME MEDICAL 2010 form 5500 responses
2010-05-01Type of plan entitySingle employer plan
2010-05-01Plan funding arrangement – TrustYes
2010-05-01Plan benefit arrangement - TrustYes
2009: DISABILITY INCOME MEDICAL 2009 form 5500 responses
2009-05-01Type of plan entitySingle employer plan
2009-05-01Plan funding arrangement – TrustYes
2009-05-01Plan benefit arrangement - TrustYes

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