CANAL INSURANCE COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PENSION PLAN OF CANAL INSURANCE COMPANY
| Measure | Date | Value |
|---|
| 2012 : PENSION PLAN OF CANAL INSURANCE COMPANY 2012 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2012-11-06 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-11-06 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-11-06 | $0 |
| Total income from all sources (including contributions) | 2012-11-06 | $2,284,646 |
| Total loss/gain on sale of assets | 2012-11-06 | $245,229 |
| Total of all expenses incurred | 2012-11-06 | $15,269,394 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-11-06 | $15,228,266 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-11-06 | $1,697,505 |
| Value of total assets at end of year | 2012-11-06 | $0 |
| Value of total assets at beginning of year | 2012-11-06 | $12,984,748 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-11-06 | $41,128 |
| Total interest from all sources | 2012-11-06 | $221,337 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-11-06 | $136,025 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-11-06 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-11-06 | $0 |
| Administrative expenses professional fees incurred | 2012-11-06 | $41,128 |
| Was this plan covered by a fidelity bond | 2012-11-06 | Yes |
| Value of fidelity bond cover | 2012-11-06 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-11-06 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2012-11-06 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-11-06 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-11-06 | $70,743 |
| Other income not declared elsewhere | 2012-11-06 | $-15,450 |
| Total non interest bearing cash at end of year | 2012-11-06 | $0 |
| Total non interest bearing cash at beginning of year | 2012-11-06 | $28,354 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-11-06 | No |
| Value of net income/loss | 2012-11-06 | $-12,984,748 |
| Value of net assets at end of year (total assets less liabilities) | 2012-11-06 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-11-06 | $12,984,748 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-11-06 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-11-06 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-11-06 | No |
| Interest earned on other investments | 2012-11-06 | $15,554 |
| Income. Interest from corporate debt instruments | 2012-11-06 | $203,401 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-11-06 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-11-06 | $5,021,088 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-11-06 | $5,021,088 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-11-06 | $2,382 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2012-11-06 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-11-06 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-11-06 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-11-06 | No |
| Contributions received in cash from employer | 2012-11-06 | $1,697,505 |
| Income. Dividends from common stock | 2012-11-06 | $136,025 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-11-06 | $15,228,266 |
| Asset. Corporate debt instrument debt (other) at end of year | 2012-11-06 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2012-11-06 | $2,931,789 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2012-11-06 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-11-06 | $4,932,774 |
| Did the plan have assets held for investment | 2012-11-06 | No |
| 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 | 2012-11-06 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-11-06 | Yes |
| Aggregate proceeds on sale of assets | 2012-11-06 | $12,504,226 |
| Aggregate carrying amount (costs) on sale of assets | 2012-11-06 | $12,258,997 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-11-06 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-11-06 | Unqualified |
| Accountancy firm name | 2012-11-06 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2012-11-06 | 560747981 |
| 2011 : PENSION PLAN OF CANAL INSURANCE COMPANY 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-11-29 | $913,741 |
| Total unrealized appreciation/depreciation of assets | 2011-11-29 | $913,741 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-11-29 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-11-29 | $0 |
| Total income from all sources (including contributions) | 2011-11-29 | $2,158,952 |
| Total loss/gain on sale of assets | 2011-11-29 | $-16,108 |
| Total of all expenses incurred | 2011-11-29 | $1,384,269 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-11-29 | $1,306,629 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-11-29 | $875,000 |
| Value of total assets at end of year | 2011-11-29 | $12,984,748 |
| Value of total assets at beginning of year | 2011-11-29 | $12,210,065 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-11-29 | $77,640 |
| Total interest from all sources | 2011-11-29 | $219,920 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-11-29 | $145,528 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-11-29 | No |
| Administrative expenses professional fees incurred | 2011-11-29 | $68,820 |
| Was this plan covered by a fidelity bond | 2011-11-29 | Yes |
| Value of fidelity bond cover | 2011-11-29 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-11-29 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2011-11-29 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-11-29 | $70,743 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-11-29 | $114,859 |
| Other income not declared elsewhere | 2011-11-29 | $20,871 |
| Administrative expenses (other) incurred | 2011-11-29 | $8,820 |
| Total non interest bearing cash at end of year | 2011-11-29 | $28,354 |
| Total non interest bearing cash at beginning of year | 2011-11-29 | $6,275 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-11-29 | No |
| Value of net income/loss | 2011-11-29 | $774,683 |
| Value of net assets at end of year (total assets less liabilities) | 2011-11-29 | $12,984,748 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-11-29 | $12,210,065 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-11-29 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-11-29 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-11-29 | No |
| Interest earned on other investments | 2011-11-29 | $41,128 |
| Income. Interest from US Government securities | 2011-11-29 | $1,377 |
| Income. Interest from corporate debt instruments | 2011-11-29 | $177,032 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-11-29 | $5,021,088 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-11-29 | $904,561 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-11-29 | $904,561 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-11-29 | $383 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-11-29 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2011-11-29 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-11-29 | No |
| Contributions received in cash from employer | 2011-11-29 | $875,000 |
| Income. Dividends from common stock | 2011-11-29 | $145,528 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-11-29 | $1,306,629 |
| Asset. Corporate debt instrument debt (other) at end of year | 2011-11-29 | $2,931,789 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2011-11-29 | $3,149,663 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2011-11-29 | $4,932,774 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-11-29 | $8,034,707 |
| Did the plan have assets held for investment | 2011-11-29 | 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 | 2011-11-29 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-11-29 | No |
| Aggregate proceeds on sale of assets | 2011-11-29 | $5,095,200 |
| Aggregate carrying amount (costs) on sale of assets | 2011-11-29 | $5,111,308 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-11-29 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-11-29 | Unqualified |
| Accountancy firm name | 2011-11-29 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2011-11-29 | 560747981 |
