Logo

AMERICAN SILK MILLS 401K PLAN 401k Plan overview

Plan NameAMERICAN SILK MILLS 401K PLAN
Plan identification number 005

AMERICAN SILK MILLS 401K PLAN 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

GERLI & COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:GERLI & COMPANY, INC.
Employer identification number (EIN):131926497
NAIC Classification:313000
NAIC Description: Textile Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN SILK MILLS 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052016-01-01DONNA MURAZZI
0052015-01-01DONNA MURAZZI

Plan Statistics for AMERICAN SILK MILLS 401K PLAN

401k plan membership statisitcs for AMERICAN SILK MILLS 401K PLAN

Measure Date Value
2016: AMERICAN SILK MILLS 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01125
Total number of active participants reported on line 7a of the Form 55002016-01-0149
Number of other retired or separated participants entitled to future benefits2016-01-0139
Total of all active and inactive participants2016-01-0188
Total participants2016-01-0188
Number of participants with account balances2016-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: AMERICAN SILK MILLS 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01131
Total number of active participants reported on line 7a of the Form 55002015-01-0166
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0157
Total of all active and inactive participants2015-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01123
Number of participants with account balances2015-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on AMERICAN SILK MILLS 401K PLAN

Measure Date Value
2016 : AMERICAN SILK MILLS 401K PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$278,924
Total of all expenses incurred2016-12-31$525,215
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$515,285
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$152,488
Value of total assets at end of year2016-12-31$1,892,463
Value of total assets at beginning of year2016-12-31$2,138,754
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$9,930
Total interest from all sources2016-12-31$622
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$62,359
Participant contributions at end of year2016-12-31$18,230
Participant contributions at beginning of year2016-12-31$18,490
Other income not declared elsewhere2016-12-31$3,334
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-246,291
Value of net assets at end of year (total assets less liabilities)2016-12-31$1,892,463
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,138,754
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$1,706,569
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,875,350
Interest on participant loans2016-12-31$622
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$167,664
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$244,914
Net investment gain/loss from pooled separate accounts2016-12-31$122,480
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$90,129
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$515,285
Contract administrator fees2016-12-31$9,930
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31THE GATTUSO GROUP, INC.
Accountancy firm EIN2016-12-31203907569
2015 : AMERICAN SILK MILLS 401K PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$177,754
Total of all expenses incurred2015-12-31$169,698
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$159,508
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$208,210
Value of total assets at end of year2015-12-31$2,138,754
Value of total assets at beginning of year2015-12-31$2,130,698
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$10,190
Total interest from all sources2015-12-31$843
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$86,396
Participant contributions at end of year2015-12-31$18,490
Participant contributions at beginning of year2015-12-31$27,110
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$15,522
Other income not declared elsewhere2015-12-31$4,061
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$8,056
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,138,754
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,130,698
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in pooled separate accounts at end of year2015-12-31$1,875,350
Value of interest in pooled separate accounts at beginning of year2015-12-31$1,826,911
Interest on participant loans2015-12-31$843
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$244,914
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$276,677
Net investment gain/loss from pooled separate accounts2015-12-31$-35,360
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Value of employer real property at beginning of year2015-12-31$0
Contributions received in cash from employer2015-12-31$106,292
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$159,508
Contract administrator fees2015-12-31$10,190
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31THE GATTUSO GROUP, INC.
Accountancy firm EIN2015-12-31203907569

Form 5500 Responses for AMERICAN SILK MILLS 401K PLAN

2016: AMERICAN SILK MILLS 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: AMERICAN SILK MILLS 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number801268-000
Policy instance 1
Insurance contract or identification number801268-000
Number of Individuals Covered116
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $8,578
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $697
Amount paid for insurance broker fees0
Additional information about fees paid to insurance broker0
Insurance broker organization code?3
Insurance broker nameNFP INSURANCE AGENCY SERVICES

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1