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PARK B. SMITH, INC. RETIREMENT PLAN 401k Plan overview

Plan NamePARK B. SMITH, INC. RETIREMENT PLAN
Plan identification number 003

PARK B. SMITH, INC. RETIREMENT 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PARK B. SMITH, INC. has sponsored the creation of one or more 401k plans.

Company Name:PARK B. SMITH, INC.
Employer identification number (EIN):132723063

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARK B. SMITH, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032009-01-01JAMES DAVALA PARK SMITH2010-09-14

Plan Statistics for PARK B. SMITH, INC. RETIREMENT PLAN

401k plan membership statisitcs for PARK B. SMITH, INC. RETIREMENT PLAN

Measure Date Value
2009: PARK B. SMITH, INC. RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0195
Total number of active participants reported on line 7a of the Form 55002009-01-0155
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0128
Total of all active and inactive participants2009-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0184
Number of participants with account balances2009-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on PARK B. SMITH, INC. RETIREMENT PLAN

Measure Date Value
2009 : PARK B. SMITH, INC. RETIREMENT PLAN 2009 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-12-31$0
Total income from all sources (including contributions)2009-12-31$533,203
Total of all expenses incurred2009-12-31$161,776
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-12-31$159,020
Total contributions o plan (from employers,participants, others, non cash contrinutions)2009-12-31$135,488
Value of total assets at end of year2009-12-31$2,053,534
Value of total assets at beginning of year2009-12-31$1,682,107
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-12-31$2,756
Total interest from all sources2009-12-31$13,185
Total dividends received (eg from common stock, registered investment company shares)2009-12-31$42,388
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2009-12-31$42,388
Was this plan covered by a fidelity bond2009-12-31Yes
Value of fidelity bond cover2009-12-31$500,000
If this is an individual account plan, was there a blackout period2009-12-31No
Were there any nonexempt tranactions with any party-in-interest2009-12-31No
Contributions received from participants2009-12-31$100,076
Participant contributions at end of year2009-12-31$122,738
Participant contributions at beginning of year2009-12-31$156,921
Administrative expenses (other) incurred2009-12-31$2,756
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-12-31No
Value of net income/loss2009-12-31$371,427
Value of net assets at end of year (total assets less liabilities)2009-12-31$2,053,534
Value of net assets at beginning of year (total assets less liabilities)2009-12-31$1,682,107
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2009-12-31No
Were any leases to which the plan was party in default or uncollectible2009-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2009-12-31$1,678,499
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2009-12-31$1,396,416
Interest on participant loans2009-12-31$12,736
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2009-12-31$252,297
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2009-12-31$128,770
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2009-12-31$128,770
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2009-12-31$449
Net investment gain/loss from registered investment companies (e.g. mutual funds)2009-12-31$342,142
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-12-31No
Was there a failure to transmit to the plan any participant contributions2009-12-31No
Has the plan failed to provide any benefit when due under the plan2009-12-31No
Contributions received in cash from employer2009-12-31$35,412
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-12-31$159,020
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32009-12-31No
Did the plan have assets held for investment2009-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2009-12-31Yes
Opinion of an independent qualified public accountant for this plan2009-12-31Disclaimer
Accountancy firm name2009-12-31MATTHEWS & CO., LLP
Accountancy firm EIN2009-12-31133489260

Form 5500 Responses for PARK B. SMITH, INC. RETIREMENT PLAN

2009: PARK B. SMITH, INC. RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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