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NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NORWALK FURNITURE, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORWALK FURNITURE, INC.
Employer identification number (EIN):263402928
NAIC Classification:423200

Additional information about NORWALK FURNITURE, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2008-09-23
Company Identification Number: 1808109
Legal Registered Office Address: 100 FURNITURE PARWAY
-
NORWALK
United States of America (USA)
44857

More information about NORWALK FURNITURE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01MATTHEW BAKER
0022023-01-01
0022023-01-01MATTHEW BAKER
0022023-01-01MATTHEW BAKER
0022023-01-01MATTHEW BAKER
0022023-01-01REBECCA WILSON
0022022-01-01
0022022-01-01TROY PITTENGER
0022021-01-01
0022021-01-01TROY PITTENGER

Financial Data on NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$1,180,000
Total unrealized appreciation/depreciation of assets2023-12-31$1,180,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$13,354,010
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$13,655,880
Expenses. Interest paid2023-12-31$258,096
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-31$258,096
Total income from all sources (including contributions)2023-12-31$1,744,838
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$263,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$4,872
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$564,838
Value of total assets at end of year2023-12-31$2,890,240
Value of total assets at beginning of year2023-12-31$1,710,360
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$120
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$200,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$13,354,010
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$13,655,880
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,481,750
Value of net assets at end of year (total assets less liabilities)2023-12-31$-10,463,770
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$-11,945,520
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$240
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$360
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$360
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$2,890,000
Assets. Invements in employer securities at beginning of year2023-12-31$1,710,000
Contributions received in cash from employer2023-12-31$564,838
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$4,872
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Qualified
Accountancy firm name2023-12-31PAYNE NICKLES & COMPANY
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$1,180,000
Total unrealized appreciation/depreciation of assets2023-01-01$1,180,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$13,354,010
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$13,655,880
Total income from all sources (including contributions)2023-01-01$1,744,838
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$263,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$4,872
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$564,838
Value of total assets at end of year2023-01-01$2,890,240
Value of total assets at beginning of year2023-01-01$1,710,360
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$120
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$200,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$13,354,010
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-01-01$13,655,880
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,481,750
Value of net assets at end of year (total assets less liabilities)2023-01-01$-10,463,770
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$-11,945,520
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$240
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Assets. Invements in employer securities at end of year2023-01-01$2,890,000
Assets. Invements in employer securities at beginning of year2023-01-01$1,710,000
Contributions received in cash from employer2023-01-01$564,838
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$4,872
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-012
Accountancy firm name2023-01-01PAYNE NICKLES & COMPANY
2022 : NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$950,000
Total unrealized appreciation/depreciation of assets2022-12-31$950,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$13,655,880
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$14,698,968
Expenses. Interest paid2022-12-31$161,559
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$161,559
Total income from all sources (including contributions)2022-12-31$1,512,116
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$163,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$561,678
Value of total assets at end of year2022-12-31$1,710,360
Value of total assets at beginning of year2022-12-31$1,404,680
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$125
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$200,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$13,655,880
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$14,698,968
Other income not declared elsewhere2022-12-31$438
Administrative expenses (other) incurred2022-12-31$125
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$1,348,768
Value of net assets at end of year (total assets less liabilities)2022-12-31$-11,945,520
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$-13,294,288
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$360
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$1,710,000
Assets. Invements in employer securities at beginning of year2022-12-31$760,000
Contributions received in cash from employer2022-12-31$561,678
Employer contributions (assets) at beginning of year2022-12-31$644,680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,664
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PAYNE NICKLES & COMPANY
Accountancy firm EIN2022-12-31341664586
Unrealized appreciation/depreciation of other (non real estate) assets2022-01-01$950,000
Total unrealized appreciation/depreciation of assets2022-01-01$950,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$13,655,880
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$14,698,968
Total income from all sources (including contributions)2022-01-01$1,512,116
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$163,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$561,678
Value of total assets at end of year2022-01-01$1,710,360
Value of total assets at beginning of year2022-01-01$1,404,680
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$125
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$200,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-01-01$13,655,880
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-01-01$14,698,968
Other income not declared elsewhere2022-01-01$438
Administrative expenses (other) incurred2022-01-01$125
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$1,348,768
Value of net assets at end of year (total assets less liabilities)2022-01-01$-11,945,520
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$-13,294,288
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-01-01$360
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Assets. Invements in employer securities at end of year2022-01-01$1,710,000
Assets. Invements in employer securities at beginning of year2022-01-01$760,000
Contributions received in cash from employer2022-01-01$561,678
Employer contributions (assets) at beginning of year2022-01-01$644,680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,664
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01PAYNE NICKLES & COMPANY
Accountancy firm EIN2022-01-01341664586
2021 : NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-15,740,000
Total unrealized appreciation/depreciation of assets2021-12-31$-15,740,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$14,698,968
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Expenses. Interest paid2021-12-31$198,968
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$198,968
Total income from all sources (including contributions)2021-12-31$-15,095,320
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$198,968
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$644,680
Value of total assets at end of year2021-12-31$1,404,680
Value of total assets at beginning of year2021-12-31$2,000,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$200,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$14,698,968
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-15,294,288
Value of net assets at end of year (total assets less liabilities)2021-12-31$-13,294,288
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,000,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$760,000
Contributions received in cash from employer2021-12-31$644,680
Employer contributions (assets) at end of year2021-12-31$644,680
Employer contributions (assets) at beginning of year2021-12-31$2,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PAYNE NICKLES & COMPANY
Accountancy firm EIN2021-12-31341664586

Form 5500 Responses for NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedYes
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NORWALK FURNITURE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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