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SOMANETICS CORP 401(K) PLAN AND TRUST 401k Plan overview

Plan NameSOMANETICS CORP 401(K) PLAN AND TRUST
Plan identification number 024

SOMANETICS CORP 401(K) PLAN AND TRUST 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

COVIDIEN LP has sponsored the creation of one or more 401k plans.

Company Name:COVIDIEN LP
Employer identification number (EIN):020502162
NAIC Classification:339110

Additional information about COVIDIEN LP

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1998-10-13
Company Identification Number: 0011333211
Legal Registered Office Address: 15 HAMPSHIRE ST ATTN: MARNI NICHOLAS

MANSFIELD
United States of America (USA)
02048

More information about COVIDIEN LP

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOMANETICS CORP 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0242012-01-01JOSEPH MONGELLI2013-10-15 JOSEPH MONGELLI2013-10-15
0242011-01-01JOSEPH MONGELLI

Plan Statistics for SOMANETICS CORP 401(K) PLAN AND TRUST

401k plan membership statisitcs for SOMANETICS CORP 401(K) PLAN AND TRUST

Measure Date Value
2011: SOMANETICS CORP 401(K) PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-01153
Total number of active participants reported on line 7a of the Form 55002011-01-0139
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0155
Total of all active and inactive participants2011-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0194
Number of participants with account balances2011-01-0190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on SOMANETICS CORP 401(K) PLAN AND TRUST

Measure Date Value
2011 : SOMANETICS CORP 401(K) PLAN AND TRUST 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$-241,605
Total of all expenses incurred2011-12-31$2,699,252
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,699,112
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$4,945,252
Value of total assets at beginning of year2011-12-31$7,886,109
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$140
Total interest from all sources2011-12-31$1,611
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$600,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$0
Participant contributions at end of year2011-12-31$23,364
Participant contributions at beginning of year2011-12-31$66,588
Participant contributions at beginning of year2011-12-31$31,404
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-2,940,857
Value of net assets at end of year (total assets less liabilities)2011-12-31$4,945,252
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$7,886,109
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in pooled separate accounts at end of year2011-12-31$4,921,888
Value of interest in pooled separate accounts at beginning of year2011-12-31$7,758,313
Interest on participant loans2011-12-31$1,611
Net investment gain/loss from pooled separate accounts2011-12-31$-243,216
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$29,804
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,699,112
Contract administrator fees2011-12-31$140
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31O'BRIEN, RILEY & RYAN
Accountancy firm EIN2011-12-31043176941
2010 : SOMANETICS CORP 401(K) PLAN AND TRUST 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$2,670,903
Total of all expenses incurred2010-12-31$926,145
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$926,105
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,712,254
Value of total assets at end of year2010-12-31$7,886,109
Value of total assets at beginning of year2010-12-31$6,141,351
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$40
Total interest from all sources2010-12-31$2,481
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$25,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,120,100
Participant contributions at end of year2010-12-31$66,588
Participant contributions at beginning of year2010-12-31$68,782
Participant contributions at end of year2010-12-31$31,404
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$31,404
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,744,758
Value of net assets at end of year (total assets less liabilities)2010-12-31$7,886,109
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,141,351
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$7,758,313
Value of interest in pooled separate accounts at beginning of year2010-12-31$6,072,569
Interest on participant loans2010-12-31$2,481
Net investment gain/loss from pooled separate accounts2010-12-31$956,168
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$560,750
Employer contributions (assets) at end of year2010-12-31$29,804
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$926,105
Contract administrator fees2010-12-31$40
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31O'BRIEN RILEY RYAN PC
Accountancy firm EIN2010-12-31043176941

Form 5500 Responses for SOMANETICS CORP 401(K) PLAN AND TRUST

2011: SOMANETICS CORP 401(K) PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number796072
Policy instance 1
Insurance contract or identification number796072
Number of Individuals Covered94
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $3,092
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number796072
Policy instance 1
Insurance contract or identification number796072
Number of Individuals Covered153
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $3,861
Total amount of fees paid to insurance companyUSD $0

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