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L & M SALES INC. 401(K) PLAN 401k Plan overview

Plan NameL & M SALES INC. 401(K) PLAN
Plan identification number 001

L & M SALES INC. 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.
  • 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

L & M SALES INC. has sponsored the creation of one or more 401k plans.

Company Name:L & M SALES INC.
Employer identification number (EIN):463949712
NAIC Classification:453220
NAIC Description:Gift, Novelty, and Souvenir Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan L & M SALES INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-07-01LAWRENCE GILLET LAWRENCE GILLET2017-08-11
0012015-07-01LAWRENCE GILLET LAWRENCE GILLET2017-03-23
0012014-07-01LAWRENCE GILLET LAWRENCE GILLET2016-04-07
0012013-10-24LAWRENCE GILLET

Plan Statistics for L & M SALES INC. 401(K) PLAN

401k plan membership statisitcs for L & M SALES INC. 401(K) PLAN

Measure Date Value
2016: L & M SALES INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-07-011
Total number of active participants reported on line 7a of the Form 55002016-07-010
Number of retired or separated participants receiving benefits2016-07-010
Number of other retired or separated participants entitled to future benefits2016-07-010
Total of all active and inactive participants2016-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-07-010
Total participants2016-07-010
Number of participants with account balances2016-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-07-010
2015: L & M SALES INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-07-011
Total number of active participants reported on line 7a of the Form 55002015-07-011
Number of retired or separated participants receiving benefits2015-07-010
Number of other retired or separated participants entitled to future benefits2015-07-010
Total of all active and inactive participants2015-07-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-07-010
Total participants2015-07-011
Number of participants with account balances2015-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-07-010
2014: L & M SALES INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-07-011
Total number of active participants reported on line 7a of the Form 55002014-07-011
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-010
Total of all active and inactive participants2014-07-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-011
Number of participants with account balances2014-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-010
2013: L & M SALES INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-10-240
Total number of active participants reported on line 7a of the Form 55002013-10-241
Number of retired or separated participants receiving benefits2013-10-240
Number of other retired or separated participants entitled to future benefits2013-10-240
Total of all active and inactive participants2013-10-241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-10-240
Total participants2013-10-241
Number of participants with account balances2013-10-241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-10-240

Financial Data on L & M SALES INC. 401(K) PLAN

Measure Date Value
2017 : L & M SALES INC. 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-06-15$0
Total plan liabilities at end of year2017-06-15$0
Total plan liabilities at beginning of year2017-06-15$0
Total income from all sources2017-06-15$-66,135
Expenses. Total of all expenses incurred2017-06-15$0
Benefits paid (including direct rollovers)2017-06-15$0
Total plan assets at end of year2017-06-15$0
Total plan assets at beginning of year2017-06-15$66,135
Total contributions received or receivable from participants2017-06-15$0
Expenses. Other expenses not covered elsewhere2017-06-15$0
Contributions received from other sources (not participants or employers)2017-06-15$0
Other income received2017-06-15$-66,135
Noncash contributions received2017-06-15$0
Net income (gross income less expenses)2017-06-15$-66,135
Net plan assets at end of year (total assets less liabilities)2017-06-15$0
Net plan assets at beginning of year (total assets less liabilities)2017-06-15$66,135
Assets. Value of employer securities2017-06-15$0
Total contributions received or receivable from employer(s)2017-06-15$0
Value of certain deemed distributions of participant loans2017-06-15$0
Value of corrective distributions2017-06-15$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-06-15$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-06-15$0
2016 : L & M SALES INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-06-30$-4,520
Expenses. Total of all expenses incurred2016-06-30$0
Total plan assets at end of year2016-06-30$66,135
Total plan assets at beginning of year2016-06-30$70,655
Value of fidelity bond covering the plan2016-06-30$20,000
Other income received2016-06-30$-4,520
Net income (gross income less expenses)2016-06-30$-4,520
Net plan assets at end of year (total assets less liabilities)2016-06-30$66,135
Net plan assets at beginning of year (total assets less liabilities)2016-06-30$70,655
Assets. Value of employer securities2016-06-30$66,135
2015 : L & M SALES INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-06-30$0
Total plan liabilities at end of year2015-06-30$0
Total plan liabilities at beginning of year2015-06-30$0
Total income from all sources2015-06-30$-761
Expenses. Total of all expenses incurred2015-06-30$0
Benefits paid (including direct rollovers)2015-06-30$0
Total plan assets at end of year2015-06-30$70,655
Total plan assets at beginning of year2015-06-30$71,416
Value of fidelity bond covering the plan2015-06-30$20,000
Total contributions received or receivable from participants2015-06-30$0
Expenses. Other expenses not covered elsewhere2015-06-30$0
Contributions received from other sources (not participants or employers)2015-06-30$0
Other income received2015-06-30$-761
Noncash contributions received2015-06-30$0
Net income (gross income less expenses)2015-06-30$-761
Net plan assets at end of year (total assets less liabilities)2015-06-30$70,655
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$71,416
Assets. Value of employer securities2015-06-30$70,655
Total contributions received or receivable from employer(s)2015-06-30$0
Value of certain deemed distributions of participant loans2015-06-30$0
Value of corrective distributions2015-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-06-30$0
2014 : L & M SALES INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-06-30$0
Total plan liabilities at end of year2014-06-30$0
Total plan liabilities at beginning of year2014-06-30$0
Total income from all sources2014-06-30$71,416
Expenses. Total of all expenses incurred2014-06-30$0
Benefits paid (including direct rollovers)2014-06-30$0
Total plan assets at end of year2014-06-30$71,416
Total plan assets at beginning of year2014-06-30$0
Value of fidelity bond covering the plan2014-06-30$20,000
Total contributions received or receivable from participants2014-06-30$0
Expenses. Other expenses not covered elsewhere2014-06-30$0
Contributions received from other sources (not participants or employers)2014-06-30$108,797
Other income received2014-06-30$-37,381
Noncash contributions received2014-06-30$0
Net income (gross income less expenses)2014-06-30$71,416
Net plan assets at end of year (total assets less liabilities)2014-06-30$71,416
Net plan assets at beginning of year (total assets less liabilities)2014-06-30$0
Assets. Value of employer securities2014-06-30$71,416
Total contributions received or receivable from employer(s)2014-06-30$0
Value of certain deemed distributions of participant loans2014-06-30$0
Value of corrective distributions2014-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-06-30$0

Form 5500 Responses for L & M SALES INC. 401(K) PLAN

2016: L & M SALES INC. 401(K) PLAN 2016 form 5500 responses
2016-07-01Type of plan entitySingle employer plan
2016-07-01Submission has been amendedNo
2016-07-01This submission is the final filingYes
2016-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-07-01Plan is a collectively bargained planNo
2016-07-01Plan funding arrangement – TrustYes
2016-07-01Plan benefit arrangement - TrustYes
2015: L & M SALES INC. 401(K) PLAN 2015 form 5500 responses
2015-07-01Type of plan entitySingle employer plan
2015-07-01Submission has been amendedNo
2015-07-01This submission is the final filingNo
2015-07-01This return/report is a short plan year return/report (less than 12 months)No
2015-07-01Plan is a collectively bargained planNo
2015-07-01Plan funding arrangement – TrustYes
2015-07-01Plan benefit arrangement - TrustYes
2014: L & M SALES INC. 401(K) PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01Submission has been amendedNo
2014-07-01This submission is the final filingNo
2014-07-01This return/report is a short plan year return/report (less than 12 months)No
2014-07-01Plan is a collectively bargained planNo
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement - TrustYes
2013: L & M SALES INC. 401(K) PLAN 2013 form 5500 responses
2013-10-24Type of plan entitySingle employer plan
2013-10-24First time form 5500 has been submittedYes
2013-10-24Submission has been amendedYes
2013-10-24This submission is the final filingNo
2013-10-24This return/report is a short plan year return/report (less than 12 months)Yes
2013-10-24Plan is a collectively bargained planNo
2013-10-24Plan funding arrangement – TrustYes
2013-10-24Plan benefit arrangement - TrustYes

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