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DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 401k Plan overview

Plan NameDAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN
Plan identification number 002

DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • One-participant plan - A plan without employees as defined in 29 CFR 2510.3-3(b).

401k Sponsoring company profile

DAVID T SPARROW INC has sponsored the creation of one or more 401k plans.

Company Name:DAVID T SPARROW INC
Employer identification number (EIN):560709111
NAIC Classification:812190

Additional information about DAVID T SPARROW INC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0138161

More information about DAVID T SPARROW INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01DAVID T SPARROW DAVID T SPARROW2013-10-07
0022011-01-01DAVID T SPARROW DAVID T SPARROW2012-10-15
0022010-01-01DAVID T SPARROW DAVID T SPARROW2011-10-11
0022009-01-01DAVID T SPARROW DAVID T SPARROW2010-10-15
0022009-01-01DAVID T SPARROW DAVID T SPARROW2010-10-14

Plan Statistics for DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN

401k plan membership statisitcs for DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2012: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-011
Number of participants with account balances2011-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-011
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-011
Total of all active and inactive participants2010-01-011
Total participants2010-01-011
Number of participants with account balances2010-01-011
2009: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011
Total number of active participants reported on line 7a of the Form 55002009-01-011
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-011
Number of participants with account balances2009-01-011

Financial Data on DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2012 : DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$36,320
Expenses. Total of all expenses incurred2012-12-31$1,096,375
Benefits paid (including direct rollovers)2012-12-31$1,094,658
Total plan assets at end of year2012-12-31$0
Total plan assets at beginning of year2012-12-31$1,060,055
Other income received2012-12-31$36,320
Net income (gross income less expenses)2012-12-31$-1,060,055
Net plan assets at end of year (total assets less liabilities)2012-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,060,055
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,717
2011 : DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$1,393
Expenses. Total of all expenses incurred2011-12-31$109,272
Benefits paid (including direct rollovers)2011-12-31$101,670
Total plan assets at end of year2011-12-31$1,060,055
Total plan assets at beginning of year2011-12-31$1,167,934
Other income received2011-12-31$1,393
Net income (gross income less expenses)2011-12-31$-107,879
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,060,055
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,167,934
Assets. Value of assets in partnership/joint-venture interests2011-12-31$9,000
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$7,602
2010 : DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$115,859
Expenses. Total of all expenses incurred2010-12-31$105,503
Benefits paid (including direct rollovers)2010-12-31$96,040
Total plan assets at end of year2010-12-31$1,167,934
Total plan assets at beginning of year2010-12-31$1,157,578
Expenses. Other expenses not covered elsewhere2010-12-31$9,463
Other income received2010-12-31$115,859
Net income (gross income less expenses)2010-12-31$10,356
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,167,934
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,157,578
Assets. Value of assets in partnership/joint-venture interests2010-12-31$9,000

Form 5500 Responses for DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN

2012: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01This submission is the final filingYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: DAVID T SPARROW INC EMPLOYEES PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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