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HILCO CORPORATION PROFIT SHARING PLAN 401k Plan overview

Plan NameHILCO CORPORATION PROFIT SHARING PLAN
Plan identification number 002

HILCO CORPORATION PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

HILCO CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:HILCO CORPORATION
Employer identification number (EIN):222589888
NAIC Classification:423920
NAIC Description:Toy and Hobby Goods and Supplies Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HILCO CORPORATION PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-01-01NEAL M COHEN2014-10-23
0022013-01-01NEAL M COHEN2014-10-10
0022012-01-01NEAL COHEN2013-10-11
0022011-01-01NEAL COHEN2012-10-08
0022010-01-01NEAL COHEN2011-10-10
0022007-01-01HILDA COHEN

Plan Statistics for HILCO CORPORATION PROFIT SHARING PLAN

401k plan membership statisitcs for HILCO CORPORATION PROFIT SHARING PLAN

Measure Date Value
2007: HILCO CORPORATION PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0117
Total number of active participants reported on line 7a of the Form 55002007-01-0114
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-012
Total of all active and inactive participants2007-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-0116
Number of participants with account balances2007-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010

Financial Data on HILCO CORPORATION PROFIT SHARING PLAN

Measure Date Value
2007 : HILCO CORPORATION PROFIT SHARING PLAN 2007 401k financial data
Transfers to/from the plan2007-12-31$0
Total plan liabilities at end of year2007-12-31$0
Total plan liabilities at beginning of year2007-12-31$0
Total income from all sources2007-12-31$251,621
Expenses. Total of all expenses incurred2007-12-31$46,396
Benefits paid (including direct rollovers)2007-12-31$42,608
Total plan assets at end of year2007-12-31$1,672,214
Total plan assets at beginning of year2007-12-31$1,466,989
Value of fidelity bond covering the plan2007-12-31$200,000
Total contributions received or receivable from participants2007-12-31$89,720
Expenses. Other expenses not covered elsewhere2007-12-31$0
Contributions received from other sources (not participants or employers)2007-12-31$0
Other income received2007-12-31$81,351
Noncash contributions received2007-12-31$0
Net income (gross income less expenses)2007-12-31$205,225
Net plan assets at end of year (total assets less liabilities)2007-12-31$1,672,214
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$1,466,989
Total contributions received or receivable from employer(s)2007-12-31$80,550
Value of certain deemed distributions of participant loans2007-12-31$0
Value of corrective distributions2007-12-31$145
Expenses. Administrative service providers (salaries,fees and commissions)2007-12-31$3,643

Form 5500 Responses for HILCO CORPORATION PROFIT SHARING PLAN

2007: HILCO CORPORATION PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement – InsuranceYes
2007-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number11480
Policy instance 1
Insurance contract or identification number11480
Number of Individuals Covered16
Insurance policy start date2007-01-01
Insurance policy end date2007-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $843
Are there contracts with allocated funds for individual policies?No
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?No
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
Amount paid for insurance broker fees843
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
Insurance broker nameTHE SAVITZ ORGANIZATION, INC.

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