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EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

LONESTAR FORKLIFT 2017 USA INC has sponsored the creation of one or more 401k plans.

Company Name:LONESTAR FORKLIFT 2017 USA INC
Employer identification number (EIN):802760337
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-01-01GERRY MCELVOY2018-10-12 GERRY MCELVOY2018-10-12

Plan Statistics for EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC

Measure Date Value
2018: EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC 2018 401k membership
Total participants, beginning-of-year2018-01-0197
Total number of active participants reported on line 7a of the Form 55002018-01-01129
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0113
Total of all active and inactive participants2018-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01142
Number of participants with account balances2018-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0130

Financial Data on EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC

Measure Date Value
2018 : EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$471,272
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$52,359
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$47,668
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$652,977
Value of total assets at end of year2018-12-31$2,637,582
Value of total assets at beginning of year2018-12-31$2,218,669
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$4,691
Total interest from all sources2018-12-31$5,232
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$150,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$392,010
Participant contributions at end of year2018-12-31$132,364
Participant contributions at beginning of year2018-12-31$74,193
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$56,646
Other income not declared elsewhere2018-12-31$0
Administrative expenses (other) incurred2018-12-31$4,691
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$418,913
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,637,582
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,218,669
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,287,984
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,136,911
Interest on participant loans2018-12-31$4,828
Interest earned on other investments2018-12-31$404
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$217,234
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$7,565
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from pooled separate accounts2018-12-31$-186,937
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$204,321
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$47,668
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MOSS ADAMS
Accountancy firm EIN2018-12-31910189318

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC

2018: EMPLOYEE BENEFIT PLAN OF LONESTAR FORKLIFT 2017 USA INC 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number060079I
Policy instance 1
Insurance contract or identification number060079I
Number of Individuals Covered142
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $8,137
Are there contracts with allocated funds for individual policies?0
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 Administration1
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?No
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 $0
Amount paid for insurance broker fees8137
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3

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