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SUMMERCO, INC. 401(K) PLAN 401k Plan overview

Plan NameSUMMERCO, INC. 401(K) PLAN
Plan identification number 002

SUMMERCO, INC. 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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

SUMMERCO, INC. 401(K) PLAN has sponsored the creation of one or more 401k plans.

Company Name:SUMMERCO, INC. 401(K) PLAN
Employer identification number (EIN):820295286
NAIC Classification:111100
NAIC Description:Oilseed and Grain Farming

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUMMERCO, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01
0022012-01-01RHETT SUMMERS
0022011-01-01RHETT SUMMERS
0022010-01-01GARY SUMMERS
0022009-01-01RHETT SUMMERS
0022009-01-01RHETT SUMMERS
0022009-01-01RHETT SUMMERS
0022009-01-01SUMMERCO, INC. 401K PLAN
0022009-01-01RHETT SUMMERS RHETT SUMMERS2010-08-10
0022009-01-01RHETT SUMMERS

Plan Statistics for SUMMERCO, INC. 401(K) PLAN

401k plan membership statisitcs for SUMMERCO, INC. 401(K) PLAN

Measure Date Value
2014: SUMMERCO, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-014
Total number of active participants reported on line 7a of the Form 55002014-01-014
Total of all active and inactive participants2014-01-014
Total participants2014-01-014
Number of participants with account balances2014-01-014
2013: SUMMERCO, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-014
Total number of active participants reported on line 7a of the Form 55002013-01-014
Total of all active and inactive participants2013-01-014
Total participants2013-01-014
Number of participants with account balances2013-01-014
2012: SUMMERCO, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-014
Total number of active participants reported on line 7a of the Form 55002012-01-014
Total of all active and inactive participants2012-01-014
Total participants2012-01-014
Number of participants with account balances2012-01-014
2011: SUMMERCO, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-014
Total number of active participants reported on line 7a of the Form 55002011-01-014
Total of all active and inactive participants2011-01-014
Total participants2011-01-014
Number of participants with account balances2011-01-014
2010: SUMMERCO, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-014
Total number of active participants reported on line 7a of the Form 55002010-01-014
Total of all active and inactive participants2010-01-014
Total participants2010-01-014
Number of participants with account balances2010-01-014
2009: SUMMERCO, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014
Total number of active participants reported on line 7a of the Form 55002009-01-014
Total of all active and inactive participants2009-01-014
Total participants2009-01-014
Number of participants with account balances2009-01-014

Financial Data on SUMMERCO, INC. 401(K) PLAN

Measure Date Value
2014 : SUMMERCO, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$62,746
Expenses. Total of all expenses incurred2014-12-31$1,207
Total plan assets at end of year2014-12-31$386,953
Total plan assets at beginning of year2014-12-31$325,414
Total contributions received or receivable from participants2014-12-31$50,500
Other income received2014-12-31$-2,792
Net income (gross income less expenses)2014-12-31$61,539
Net plan assets at end of year (total assets less liabilities)2014-12-31$386,953
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$325,414
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-12-31$10,209
Total contributions received or receivable from employer(s)2014-12-31$15,038
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,207
2013 : SUMMERCO, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$61,120
Expenses. Total of all expenses incurred2013-12-31$95,851
Benefits paid (including direct rollovers)2013-12-31$94,683
Total plan assets at end of year2013-12-31$325,414
Total plan assets at beginning of year2013-12-31$360,145
Total contributions received or receivable from participants2013-12-31$50,081
Other income received2013-12-31$-4,295
Net income (gross income less expenses)2013-12-31$-34,731
Net plan assets at end of year (total assets less liabilities)2013-12-31$325,414
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$360,145
Total contributions received or receivable from employer(s)2013-12-31$15,334
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,168
2012 : SUMMERCO, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$71,208
Total plan assets at end of year2012-12-31$360,145
Total plan assets at beginning of year2012-12-31$288,937
Total contributions received or receivable from participants2012-12-31$36,999
Other income received2012-12-31$17,536
Net income (gross income less expenses)2012-12-31$71,208
Net plan assets at end of year (total assets less liabilities)2012-12-31$360,145
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$288,937
Total contributions received or receivable from employer(s)2012-12-31$16,673
2011 : SUMMERCO, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$37,616
Total plan assets at end of year2011-12-31$288,937
Total plan assets at beginning of year2011-12-31$251,321
Total contributions received or receivable from participants2011-12-31$37,000
Other income received2011-12-31$-16,163
Net income (gross income less expenses)2011-12-31$37,616
Net plan assets at end of year (total assets less liabilities)2011-12-31$288,937
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$251,321
Total contributions received or receivable from employer(s)2011-12-31$16,779
2010 : SUMMERCO, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$96,059
Expenses. Total of all expenses incurred2010-12-31$200,000
Benefits paid (including direct rollovers)2010-12-31$200,000
Total plan assets at end of year2010-12-31$251,321
Total plan assets at beginning of year2010-12-31$355,261
Total contributions received or receivable from participants2010-12-31$37,000
Other income received2010-12-31$43,271
Net income (gross income less expenses)2010-12-31$-103,941
Net plan assets at end of year (total assets less liabilities)2010-12-31$251,321
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$355,261
Total contributions received or receivable from employer(s)2010-12-31$15,788

Form 5500 Responses for SUMMERCO, INC. 401(K) PLAN

2014: SUMMERCO, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SUMMERCO, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SUMMERCO, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SUMMERCO, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SUMMERCO, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SUMMERCO, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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