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SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC. 401k Plan overview

Plan NameSPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC.
Plan identification number 001

SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC. 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.

401k Sponsoring company profile

GLOBAL SAFETY SOURCES, INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL SAFETY SOURCES, INC.
Employer identification number (EIN):760631071
NAIC Classification:541214
NAIC Description:Payroll Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01DAN TOOMEY2017-10-04
0012016-06-07DAN TOOMEY2017-06-29
0012009-01-01CHARLES A. MILLS CHARLES A. MILLS2012-04-26

Plan Statistics for SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC.

401k plan membership statisitcs for SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC.

Measure Date Value
2009: SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC. 2009 401k membership
Total participants, beginning-of-year2009-01-0110
Total number of active participants reported on line 7a of the Form 55002009-01-0110
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 participants2009-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0110
Number of participants with account balances2009-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC.

Measure Date Value
2010 : SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC. 2010 401k financial data
Transfers to/from the plan2010-12-31$-97,455
Total income from all sources2010-12-31$2,313
Expenses. Total of all expenses incurred2010-12-31$22,980
Benefits paid (including direct rollovers)2010-12-31$18,684
Total plan assets at end of year2010-12-31$0
Total plan assets at beginning of year2010-12-31$118,122
Total contributions received or receivable from participants2010-12-31$0
Other income received2010-12-31$2,313
Net income (gross income less expenses)2010-12-31$-20,667
Net plan assets at end of year (total assets less liabilities)2010-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$118,122
Assets. Value of participant loans2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$4,296
2009 : SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC. 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC.

2009: SPIN OFF AND TERMINATION PLAN FOR GLOBAL SAFETY SOURCES, INC. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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