401k Plan data: ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES plan

ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES 401k Plan overview

Plan Name	ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES
Plan identification number	002

ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

RULE INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: RULE INDUSTRIES, INC.

Employer identification number (EIN): 042384630

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2009-01-01 PAM SCHEID JANICE KLETTNER 2010-10-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2009-01-01	PAM SCHEID		JANICE KLETTNER	2010-10-11

Plan Statistics for ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES

401k plan membership statisitcs for ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2009: ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES 2009 401k membership
Total participants, beginning-of-year 2009-01-01 137
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 77
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 65
Total of all active and inactive participants 2009-01-01 142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 5
Total participants 2009-01-01 147
Number of participants with account balances 2009-01-01 104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 5

Measure	Date	Value
2009: ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES 2009 401k membership
Total participants, beginning-of-year	2009-01-01	137
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	77
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	65
Total of all active and inactive participants	2009-01-01	142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	5
Total participants	2009-01-01	147
Number of participants with account balances	2009-01-01	104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	5

Financial Data on ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES

Measure	Date	Value
2010 : ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$135,025
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$1,784,988
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$2,042,660
Expenses. Certain deemed distributions of participant loans	2010-12-31	$-257,672
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$14,571
Value of total assets at end of year	2010-12-31	$695,267
Value of total assets at beginning of year	2010-12-31	$2,345,230
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$0
Total interest from all sources	2010-12-31	$136
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$8,427
Participant contributions at end of year	2010-12-31	$-36,747
Participant contributions at beginning of year	2010-12-31	$-161,616
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-1,649,963
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$695,267
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$2,345,230
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$254,130
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$1,940,768
Interest on participant loans	2010-12-31	$136
Value of interest in master investment trust accounts at end of year	2010-12-31	$214,590
Value of interest in master investment trust accounts at beginning of year	2010-12-31	$566,078
Value of interest in common/collective trusts at end of year	2010-12-31	$263,294
Value of interest in common/collective trusts at beginning of year	2010-12-31	$0
Net investment gain/loss from pooled separate accounts	2010-12-31	$42,417
Net investment gain or loss from common/collective trusts	2010-12-31	$50,881
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$6,144
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$2,042,660
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	DELOITTE & TOUCHE LLP
Accountancy firm EIN	2010-12-31	133891517
2009 : ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES

2009: ITT RULE SAVINGS PLAN FOR HOURLY EMPLOYEES 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	RULE INDUSTRIES, INC.
Employer identification number (EIN):	042384630