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SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameSMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

SMARTWAY TRANSPORT IND has sponsored the creation of one or more 401k plans.

Company Name:SMARTWAY TRANSPORT IND
Employer identification number (EIN):208548964
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01TARLOCHAN SINGH
0012011-01-01TARLOCHAN SINGH
0012009-01-01SMARTWAY TRANSPORT IND
0012009-01-01TARLOCHAN SINGH

Plan Statistics for SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2012: SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-01372
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-01393
Total number of active participants reported on line 7a of the Form 55002011-01-0123
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01350
Total of all active and inactive participants2011-01-01373
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01373
Number of participants with account balances2011-01-01371
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01246
Total number of active participants reported on line 7a of the Form 55002009-01-01401
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-01405
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01405
Number of participants with account balances2009-01-01187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2012 : SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-04-12$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-04-12$0
Total unrealized appreciation/depreciation of assets2012-04-12$0
Total transfer of assets to this plan2012-04-12$0
Total transfer of assets from this plan2012-04-12$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-04-12$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-04-12$0
Expenses. Interest paid2012-04-12$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-04-12$0
Total income from all sources (including contributions)2012-04-12$18
Total loss/gain on sale of assets2012-04-12$0
Total of all expenses incurred2012-04-12$359
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-04-12$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-04-12$0
Value of total assets at end of year2012-04-12$0
Value of total assets at beginning of year2012-04-12$341
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-04-12$359
Total income from rents2012-04-12$0
Total interest from all sources2012-04-12$0
Total dividends received (eg from common stock, registered investment company shares)2012-04-12$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-04-12Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-04-12$0
Administrative expenses professional fees incurred2012-04-12$0
Was this plan covered by a fidelity bond2012-04-12No
If this is an individual account plan, was there a blackout period2012-04-12No
Were there any nonexempt tranactions with any party-in-interest2012-04-12No
Contributions received from participants2012-04-12$0
Income. Received or receivable in cash from other sources (including rollovers)2012-04-12$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-04-12$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-04-12$0
Other income not declared elsewhere2012-04-12$0
Administrative expenses (other) incurred2012-04-12$359
Liabilities. Value of operating payables at end of year2012-04-12$0
Liabilities. Value of operating payables at beginning of year2012-04-12$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-04-12No
Income. Non cash contributions2012-04-12$0
Value of net income/loss2012-04-12$-341
Value of net assets at end of year (total assets less liabilities)2012-04-12$0
Value of net assets at beginning of year (total assets less liabilities)2012-04-12$341
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-04-12No
Were any loans by the plan or fixed income obligations due to the plan in default2012-04-12No
Were any leases to which the plan was party in default or uncollectible2012-04-12No
Investment advisory and management fees2012-04-12$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-04-12$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-04-12$334
Interest on participant loans2012-04-12$0
Income. Interest from loans (other than to participants)2012-04-12$0
Interest earned on other investments2012-04-12$0
Income. Interest from US Government securities2012-04-12$0
Income. Interest from corporate debt instruments2012-04-12$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-04-12$7
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-04-12$7
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-04-12$0
Expenses. Payments to insurance carriers foe the provision of benefits2012-04-12$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-04-12$18
Net investment gain/loss from pooled separate accounts2012-04-12$0
Net investment gain or loss from common/collective trusts2012-04-12$0
Net gain/loss from 103.12 investment entities2012-04-12$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-04-12No
Was there a failure to transmit to the plan any participant contributions2012-04-12No
Has the plan failed to provide any benefit when due under the plan2012-04-12No
Contributions received in cash from employer2012-04-12$0
Income. Dividends from preferred stock2012-04-12$0
Income. Dividends from common stock2012-04-12$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-04-12$0
Contract administrator fees2012-04-12$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-04-12No
Liabilities. Value of benefit claims payable at end of year2012-04-12$0
Liabilities. Value of benefit claims payable at beginning of year2012-04-12$0
Did the plan have assets held for investment2012-04-12No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-04-12No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-04-12Yes
Aggregate proceeds on sale of assets2012-04-12$0
Aggregate carrying amount (costs) on sale of assets2012-04-12$0
Liabilities. Value of acquisition indebtedness at end of year2012-04-12$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-04-12$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-04-12No
Opinion of an independent qualified public accountant for this plan2012-04-12Unqualified
Accountancy firm name2012-04-12WILCOX, HOKOKIAN, BAINS & DILL, LLP
Accountancy firm EIN2012-04-12203997371
2011 : SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$485
Total of all expenses incurred2011-12-31$91,029
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$84,059
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$341
Value of total assets at beginning of year2011-12-31$90,885
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$6,970
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$20,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$0
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$1,637
Administrative expenses (other) incurred2011-12-31$6,970
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-90,544
Value of net assets at end of year (total assets less liabilities)2011-12-31$341
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$90,885
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$334
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$63,322
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$7
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$25,926
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$25,926
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$485
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$84,059
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31WILCOX, HOKOKIAN, BAINS & DILL, LLP
Accountancy firm EIN2011-12-31203997371
2010 : SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$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$55,547
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$152,203
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$151,923
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$41,112
Value of total assets at end of year2010-12-31$90,885
Value of total assets at beginning of year2010-12-31$187,541
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$280
Total interest from all sources2010-12-31$155
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$1,293
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$1,293
Assets. Real estate other than employer real property at beginning of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$20,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$36,089
Participant contributions at end of year2010-12-31$1,637
Participant contributions at beginning of year2010-12-31$5,931
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Assets. Loans (other than to participants) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Administrative expenses (other) incurred2010-12-31$280
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-96,656
Value of net assets at end of year (total assets less liabilities)2010-12-31$90,885
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$187,541
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at beginning of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$63,322
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$160,222
Interest on participant loans2010-12-31$154
Value of interest in master investment trust accounts at end of year2010-12-31$0
Value of interest in master investment trust accounts at beginning of year2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$25,926
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$21,388
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$21,388
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1
Assets. Value of investments in 103.12 investment entities at end of year2010-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2010-12-31$0
Asset value of US Government securities at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$12,987
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at beginning of year2010-12-31$0
Assets. Value of employer real property at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$5,023
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$151,923
Asset. Corporate debt instrument preferred debt at beginning of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$0
Contract administrator fees2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31WILCOX, HOKOKIAN, BAINS & DILL, LLP
Accountancy firm EIN2010-12-31203997371

Form 5500 Responses for SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST

2012: SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SMARTWAY EXPRESS INC 401(K) PROFIT SHARING PLAN & TRUST 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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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