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US FLOORS, INC. 401(K) PLAN 401k Plan overview

Plan NameUS FLOORS, INC. 401(K) PLAN
Plan identification number 001

US FLOORS, INC. 401(K) 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

US FLOORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:US FLOORS, INC.
Employer identification number (EIN):201974373
NAIC Classification:314000
NAIC Description: Textile Product Mills

Additional information about US FLOORS, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2014-01-13
Company Identification Number: P14000004039
Legal Registered Office Address: 19100 SW 106 AVE UNIT 6

CUTLER BAY

33157

More information about US FLOORS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan US FLOORS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01BARBARA COOMBE
0012017-01-01BARBARA COOMBE
0012016-01-01RUSSELL GUINN
0012015-01-01RUSSELL GUINN2016-10-13

Plan Statistics for US FLOORS, INC. 401(K) PLAN

401k plan membership statisitcs for US FLOORS, INC. 401(K) PLAN

Measure Date Value
2018: US FLOORS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01293
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: US FLOORS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01234
Total number of active participants reported on line 7a of the Form 55002017-01-01285
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-017
Total of all active and inactive participants2017-01-01293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01293
Number of participants with account balances2017-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: US FLOORS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01133
Total number of active participants reported on line 7a of the Form 55002016-01-01206
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-019
Total of all active and inactive participants2016-01-01216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01216
Number of participants with account balances2016-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on US FLOORS, INC. 401(K) PLAN

Measure Date Value
2018 : US FLOORS, INC. 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-01-31$0
Total transfer of assets from this plan2018-01-31$6,621,423
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-01-31$0
Total income from all sources (including contributions)2018-01-31$96,792
Total loss/gain on sale of assets2018-01-31$0
Total of all expenses incurred2018-01-31$50
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-01-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-01-31$0
Value of total assets at end of year2018-01-31$0
Value of total assets at beginning of year2018-01-31$6,524,681
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-01-31$50
Total interest from all sources2018-01-31$134
Total dividends received (eg from common stock, registered investment company shares)2018-01-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-01-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-01-31$0
Was this plan covered by a fidelity bond2018-01-31Yes
Value of fidelity bond cover2018-01-31$500,000
If this is an individual account plan, was there a blackout period2018-01-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-01-31$0
Were there any nonexempt tranactions with any party-in-interest2018-01-31No
Participant contributions at beginning of year2018-01-31$96,150
Participant contributions at beginning of year2018-01-31$680
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-01-31No
Value of net income/loss2018-01-31$96,742
Value of net assets at end of year (total assets less liabilities)2018-01-31$0
Value of net assets at beginning of year (total assets less liabilities)2018-01-31$6,524,681
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-01-31No
Were any leases to which the plan was party in default or uncollectible2018-01-31No
Value of interest in pooled separate accounts at beginning of year2018-01-31$5,841,071
Interest on participant loans2018-01-31$134
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-01-31$586,237
Net investment gain/loss from pooled separate accounts2018-01-31$96,658
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-01-31No
Was there a failure to transmit to the plan any participant contributions2018-01-31No
Has the plan failed to provide any benefit when due under the plan2018-01-31No
Employer contributions (assets) at beginning of year2018-01-31$543
Contract administrator fees2018-01-31$50
Did the plan have assets held for investment2018-01-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-01-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-01-31Yes
Opinion of an independent qualified public accountant for this plan2018-01-31Disclaimer
Accountancy firm name2018-01-31WARREN AVERETT
Accountancy firm EIN2018-01-31454084437
2017 : US FLOORS, INC. 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$19,553
Total income from all sources (including contributions)2017-12-31$1,718,941
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$631,849
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$613,533
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$890,500
Value of total assets at end of year2017-12-31$6,524,681
Value of total assets at beginning of year2017-12-31$5,457,142
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$18,316
Total interest from all sources2017-12-31$7,428
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$626,402
Participant contributions at end of year2017-12-31$96,150
Participant contributions at beginning of year2017-12-31$61,577
Participant contributions at end of year2017-12-31$680
Participant contributions at beginning of year2017-12-31$108
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$12,798
Liabilities. Value of operating payables at beginning of year2017-12-31$19,553
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,087,092
Value of net assets at end of year (total assets less liabilities)2017-12-31$6,524,681
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$5,437,589
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$5,841,071
Value of interest in pooled separate accounts at beginning of year2017-12-31$4,828,374
Interest on participant loans2017-12-31$3,361
Interest earned on other investments2017-12-31$4,067
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$586,237
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$567,033
Net investment gain/loss from pooled separate accounts2017-12-31$821,013
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$251,300
Employer contributions (assets) at end of year2017-12-31$543
Employer contributions (assets) at beginning of year2017-12-31$50
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$613,533
Contract administrator fees2017-12-31$18,316
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
2016 : US FLOORS, INC. 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$19,553
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$18,151
Total income from all sources (including contributions)2016-12-31$2,353,906
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$185,173
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$176,610
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,074,785
Value of total assets at end of year2016-12-31$5,457,142
Value of total assets at beginning of year2016-12-31$3,287,007
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$8,563
Total interest from all sources2016-12-31$5,677
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
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$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$988,093
Participant contributions at end of year2016-12-31$61,577
Participant contributions at beginning of year2016-12-31$35,420
Participant contributions at end of year2016-12-31$108
Participant contributions at beginning of year2016-12-31$199
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$637,217
Liabilities. Value of operating payables at end of year2016-12-31$19,553
Liabilities. Value of operating payables at beginning of year2016-12-31$18,151
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$2,168,733
Value of net assets at end of year (total assets less liabilities)2016-12-31$5,437,589
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,268,856
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$4,828,374
Value of interest in pooled separate accounts at beginning of year2016-12-31$2,848,697
Interest on participant loans2016-12-31$1,995
Interest earned on other investments2016-12-31$3,682
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$567,033
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$402,691
Net investment gain/loss from pooled separate accounts2016-12-31$273,444
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 contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$449,475
Employer contributions (assets) at end of year2016-12-31$50
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$176,610
Contract administrator fees2016-12-31$8,563
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 name2016-12-31MAULDIN & JENKINS, LLC
Accountancy firm EIN2016-12-31580692043

Form 5500 Responses for US FLOORS, INC. 401(K) PLAN

2018: US FLOORS, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: US FLOORS, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: US FLOORS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number601635-000
Policy instance 1
Insurance contract or identification number601635-000
Number of Individuals Covered0
Insurance policy start date2018-01-01
Insurance policy end date2018-01-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number601635-000
Policy instance 1
Insurance contract or identification number601635-000
Number of Individuals Covered128
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $19,942
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,971
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC

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