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THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN
Plan identification number 001

THE NEWDELL COMPANY 401(K) PROFIT SHARING 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

THE NEWDELL COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE NEWDELL COMPANY
Employer identification number (EIN):760605616
NAIC Classification:423800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01CHARLOTTE DAMMAN
0012015-01-01CHARLOTTE DAMMAN CHARLOTTE DAMMAN2016-10-17
0012014-01-01CHARLES CUNNINGHAM
0012013-01-01CHARLES C. CUNNINGHAM2014-07-17
0012012-01-01DAVID W. SCOTT2013-07-16
0012011-01-01DAVID W. SCOTT2012-07-19
0012010-01-01DAVID W. SCOTT2011-07-19

Plan Statistics for THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01143
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01151
Total number of active participants reported on line 7a of the Form 55002015-01-01107
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0136
Total of all active and inactive participants2015-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01143
Number of participants with account balances2015-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0126
2014: THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01126
Total number of active participants reported on line 7a of the Form 55002014-01-01123
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0129
Total of all active and inactive participants2014-01-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01152
Number of participants with account balances2014-01-01141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0111

Financial Data on THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-04-29$0
Total transfer of assets from this plan2016-04-29$5,814,811
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-04-29$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-04-29$0
Total income from all sources (including contributions)2016-04-29$29,053
Total loss/gain on sale of assets2016-04-29$0
Total of all expenses incurred2016-04-29$2,035,722
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-04-29$2,033,447
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-04-29$0
Value of total assets at end of year2016-04-29$0
Value of total assets at beginning of year2016-04-29$7,821,480
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-04-29$2,275
Total interest from all sources2016-04-29$27,756
Total dividends received (eg from common stock, registered investment company shares)2016-04-29$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-04-29Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-04-29$0
Was this plan covered by a fidelity bond2016-04-29Yes
Value of fidelity bond cover2016-04-29$1,000,000
If this is an individual account plan, was there a blackout period2016-04-29Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-04-29$0
Were there any nonexempt tranactions with any party-in-interest2016-04-29No
Participant contributions at beginning of year2016-04-29$247,849
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-04-29No
Value of net income/loss2016-04-29$-2,006,669
Value of net assets at end of year (total assets less liabilities)2016-04-29$0
Value of net assets at beginning of year (total assets less liabilities)2016-04-29$7,821,480
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-04-29No
Were any loans by the plan or fixed income obligations due to the plan in default2016-04-29No
Were any leases to which the plan was party in default or uncollectible2016-04-29No
Value of interest in pooled separate accounts at beginning of year2016-04-29$2,565,477
Interest on participant loans2016-04-29$4,666
Interest earned on other investments2016-04-29$23,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-04-29$5,008,154
Net investment gain/loss from pooled separate accounts2016-04-29$1,297
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-04-29No
Was there a failure to transmit to the plan any participant contributions2016-04-29No
Has the plan failed to provide any benefit when due under the plan2016-04-29No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-04-29$2,033,447
Contract administrator fees2016-04-29$2,275
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-04-29Yes
Did the plan have assets held for investment2016-04-29No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-04-29No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-04-29Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-04-29Yes
Opinion of an independent qualified public accountant for this plan2016-04-29Disclaimer
Accountancy firm name2016-04-29HARPER & PEARSON COMPANY, P.C.
Accountancy firm EIN2016-04-29741695589
2015 : THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,193,273
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,615,485
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,610,686
Value of total corrective distributions2015-12-31$2,439
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,167,037
Value of total assets at end of year2015-12-31$7,821,480
Value of total assets at beginning of year2015-12-31$8,243,692
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,360
Total interest from all sources2015-12-31$101,116
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$389,640
Participant contributions at end of year2015-12-31$247,849
Participant contributions at beginning of year2015-12-31$305,391
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$106,203
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-422,212
Value of net assets at end of year (total assets less liabilities)2015-12-31$7,821,480
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$8,243,692
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in pooled separate accounts at end of year2015-12-31$2,565,477
Value of interest in pooled separate accounts at beginning of year2015-12-31$3,101,716
Interest on participant loans2015-12-31$23,565
Interest earned on other investments2015-12-31$77,551
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$5,008,154
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$4,836,585
Net investment gain/loss from pooled separate accounts2015-12-31$-74,880
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$671,194
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,610,686
Contract administrator fees2015-12-31$2,360
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
2014 : THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,384,341
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$679,974
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$677,764
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,087,432
Value of total assets at end of year2014-12-31$8,243,692
Value of total assets at beginning of year2014-12-31$7,539,325
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$2,210
Total interest from all sources2014-12-31$104,037
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$331,348
Participant contributions at end of year2014-12-31$305,391
Participant contributions at beginning of year2014-12-31$220,240
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$29,615
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$704,367
Value of net assets at end of year (total assets less liabilities)2014-12-31$8,243,692
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$7,539,325
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in pooled separate accounts at end of year2014-12-31$3,101,716
Value of interest in pooled separate accounts at beginning of year2014-12-31$3,056,213
Interest on participant loans2014-12-31$21,441
Interest earned on other investments2014-12-31$82,596
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$4,836,585
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$4,262,872
Net investment gain/loss from pooled separate accounts2014-12-31$192,872
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$726,469
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$677,764
Contract administrator fees2014-12-31$2,210
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31HARPER & PEARSON COMPANY, P.C.
Accountancy firm EIN2014-12-31741695589

Form 5500 Responses for THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN

2016: THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE NEWDELL COMPANY 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number066360
Policy instance 1
Insurance contract or identification number066360
Number of Individuals Covered0
Insurance policy start date2016-01-01
Insurance policy end date2016-04-29
Total amount of commissions paid to insurance brokerUSD $4,639
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $4,639
Insurance broker organization code?3
Insurance broker nameSECURIAN FINANCIAL SERVICES
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number066360
Policy instance 1
Insurance contract or identification number066360
Number of Individuals Covered143
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $19,697
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $19,697
Insurance broker organization code?3
Insurance broker nameSECURIAN FINANCIAL SERVICES
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number066360
Policy instance 1
Insurance contract or identification number066360
Number of Individuals Covered152
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $20,354
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $20,354
Insurance broker organization code?3
Insurance broker nameSECURIAN FINANCIAL SERVICES

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