401k Plan data: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN plan

TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TWIN CITY KNITTING CO., INC. has sponsored the creation of one or more 401k plans.

Company Name: TWIN CITY KNITTING CO., INC.

Employer identification number (EIN): 560748561

NAIC Classification: 315000
NAIC Description: Apparel Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 TERESA BRIDGES 2019-11-01
001 2016-01-01 JOSEPH LAMB 2017-07-28 CAROL LOWMAN 2017-07-28
001 2015-01-01 JOSEPH LAMB 2016-05-19 JOSEPH LAMB 2016-05-19
001 2014-01-01 JOSEPH LAMB 2015-07-23 JOSEPH LAMB 2015-07-23
001 2013-01-01 JOSEPH LAMB 2014-07-28
001 2012-01-01 JOSEPH LAMB
001 2011-01-01 JOSEPH LAMB
001 2009-01-01 CAROL LOWMAN

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	TERESA BRIDGES	2019-11-01
001	2016-01-01	JOSEPH LAMB	2017-07-28	CAROL LOWMAN	2017-07-28
001	2015-01-01	JOSEPH LAMB	2016-05-19	JOSEPH LAMB	2016-05-19
001	2014-01-01	JOSEPH LAMB	2015-07-23	JOSEPH LAMB	2015-07-23
001	2013-01-01	JOSEPH LAMB	2014-07-28
001	2012-01-01	JOSEPH LAMB
001	2011-01-01	JOSEPH LAMB
001	2009-01-01	CAROL LOWMAN

Plan Statistics for TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2012: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 104
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 85
Number of retired or separated participants receiving benefits 2012-01-01 5
Number of other retired or separated participants entitled to future benefits 2012-01-01 8
Total of all active and inactive participants 2012-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 98
Number of participants with account balances 2012-01-01 60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 109
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 87
Number of retired or separated participants receiving benefits 2011-01-01 7
Number of other retired or separated participants entitled to future benefits 2011-01-01 8
Total of all active and inactive participants 2011-01-01 102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 102
Number of participants with account balances 2011-01-01 67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2
2009: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 157
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 118
Number of retired or separated participants receiving benefits 2009-01-01 6
Number of other retired or separated participants entitled to future benefits 2009-01-01 7
Total of all active and inactive participants 2009-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 131
Number of participants with account balances 2009-01-01 74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2012: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	104
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	85
Number of retired or separated participants receiving benefits	2012-01-01	5
Number of other retired or separated participants entitled to future benefits	2012-01-01	8
Total of all active and inactive participants	2012-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	98
Number of participants with account balances	2012-01-01	60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	109
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	87
Number of retired or separated participants receiving benefits	2011-01-01	7
Number of other retired or separated participants entitled to future benefits	2011-01-01	8
Total of all active and inactive participants	2011-01-01	102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	102
Number of participants with account balances	2011-01-01	67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2
2009: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	157
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	118
Number of retired or separated participants receiving benefits	2009-01-01	6
Number of other retired or separated participants entitled to future benefits	2009-01-01	7
Total of all active and inactive participants	2009-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	131
Number of participants with account balances	2009-01-01	74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2012 : TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$289
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$1,028
Total income from all sources (including contributions)	2012-12-31	$209,097
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$230,563
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$218,637
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$82,362
Value of total assets at end of year	2012-12-31	$1,066,065
Value of total assets at beginning of year	2012-12-31	$1,088,270
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$11,926
Total interest from all sources	2012-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$82,362
Other income not declared elsewhere	2012-12-31	$739
Administrative expenses (other) incurred	2012-12-31	$11,926
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-21,466
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$1,065,776
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$1,087,242
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$986,142
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$1,088,270
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$79,923
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$125,996
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$218,637
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	No
Liabilities. Value of benefit claims payable at end of year	2012-12-31	$289
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$1,028
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	WHISNANT & CO.
Accountancy firm EIN	2012-12-31	561084523
2011 : TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$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	$-13,628
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$283,661
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$270,626
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$74,970
Value of total assets at end of year	2011-12-31	$1,088,270
Value of total assets at beginning of year	2011-12-31	$1,385,559
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$13,035
Total interest from all sources	2011-12-31	$0
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 year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$150,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$74,970
Other income not declared elsewhere	2011-12-31	$779
Administrative expenses (other) incurred	2011-12-31	$554
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-297,289
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$1,088,270
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$1,385,559
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$12,481
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$1,088,270
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$1,385,559
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-89,377
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$270,626
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	No
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	WHISNANT & CO
Accountancy firm EIN	2011-12-31	561084523
2010 : TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$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	$245,590
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$87,071
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$73,567
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$86,579
Value of total assets at end of year	2010-12-31	$1,385,559
Value of total assets at beginning of year	2010-12-31	$1,227,040
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$13,504
Total interest from all sources	2010-12-31	$0
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 year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$123,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$86,579
Participant contributions at beginning of year	2010-12-31	$5,162
Administrative expenses (other) incurred	2010-12-31	$560
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$158,519
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$1,385,559
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$1,227,040
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$12,944
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$1,385,559
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$1,221,878
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$159,011
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$73,567
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	WHISNANT & COMPANY
Accountancy firm EIN	2010-12-31	561084523
2009 : TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN

2012: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: TWIN CITY KNITTING CO., INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	TWIN CITY KNITTING CO., INC.
Employer identification number (EIN):	560748561
NAIC Classification:	315000
NAIC Description:	Apparel Manufacturing