401k Plan data: CARVER COMPANIES PROFIT SHARING / 401(K) PLAN plan

CARVER COMPANIES PROFIT SHARING / 401(K) PLAN 401k Plan overview

Plan Name	CARVER COMPANIES PROFIT SHARING / 401(K) PLAN
Plan identification number	001

CARVER COMPANIES PROFIT SHARING / 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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

CARVER COMPANIES has sponsored the creation of one or more 401k plans.

Company Name: CARVER COMPANIES

Employer identification number (EIN): 141716471

NAIC Classification: 236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARVER COMPANIES PROFIT SHARING / 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01 SYBIL LARAWAY

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2014-01-01	SYBIL LARAWAY

Plan Statistics for CARVER COMPANIES PROFIT SHARING / 401(K) PLAN

401k plan membership statisitcs for CARVER COMPANIES PROFIT SHARING / 401(K) PLAN

Measure Date Value
2014: CARVER COMPANIES PROFIT SHARING / 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 224
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 174
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 51
Total of all active and inactive participants 2014-01-01 225
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 225
Number of participants with account balances 2014-01-01 173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 19

Measure	Date	Value
2014: CARVER COMPANIES PROFIT SHARING / 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	224
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	174
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	51
Total of all active and inactive participants	2014-01-01	225
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	225
Number of participants with account balances	2014-01-01	173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	19

Financial Data on CARVER COMPANIES PROFIT SHARING / 401(K) PLAN

Measure	Date	Value
2014 : CARVER COMPANIES PROFIT SHARING / 401(K) PLAN 2014 401k financial data
Total transfer of assets to this plan	2014-12-31	$253,449
Total income from all sources (including contributions)	2014-12-31	$802,776
Total of all expenses incurred	2014-12-31	$740,390
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$737,490
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$537,776
Value of total assets at end of year	2014-12-31	$6,494,656
Value of total assets at beginning of year	2014-12-31	$6,178,821
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$2,900
Total interest from all sources	2014-12-31	$10,698
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Administrative expenses professional fees incurred	2014-12-31	$2,900
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$328,054
Participant contributions at end of year	2014-12-31	$262,841
Participant contributions at beginning of year	2014-12-31	$283,730
Participant contributions at end of year	2014-12-31	$5,277
Participant contributions at beginning of year	2014-12-31	$4,040
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$19,962
Other income not declared elsewhere	2014-12-31	$1,017
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$62,386
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$6,494,656
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$6,178,821
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$5,694,019
Value of interest in pooled separate accounts at end of year	2014-12-31	$6,064,152
Interest on participant loans	2014-12-31	$10,698
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2014-12-31	$158,584
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$-148,764
Net investment gain/loss from pooled separate accounts	2014-12-31	$402,049
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$189,760
Employer contributions (assets) at end of year	2014-12-31	$3,802
Employer contributions (assets) at beginning of year	2014-12-31	$197,032
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$737,490
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2014-12-31	Yes
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	TEAL, BECKER & CHIARAMONTE CPAS PC
Accountancy firm EIN	2014-12-31	141624930

Form 5500 Responses for CARVER COMPANIES PROFIT SHARING / 401(K) PLAN

2014: CARVER COMPANIES PROFIT SHARING / 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

CARVER COMPANIES PROFIT SHARING / 401(K) PLAN [EIN = 464199811]

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Company Name:	CARVER COMPANIES
Employer identification number (EIN):	141716471
NAIC Classification:	236200