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SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 401k Plan overview

Plan NameSPECIALTY TEXTILE GROUP, INC. 401(K) PLAN
Plan identification number 001

SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 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.
  • 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

SPECIALTY TEXTILE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:SPECIALTY TEXTILE GROUP, INC.
Employer identification number (EIN):272538657
NAIC Classification:314000
NAIC Description: Textile Product Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SCOTT HIGGINS2024-02-05
0012022-01-01SCOTT HIGGINS2023-09-25
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01SCOTT HIGGINS SCOTT HIGGINS2019-05-20
0012017-01-01SCOTT HIGGINS SCOTT HIGGINS2018-07-27
0012016-01-01SCOTT HIGGINS SCOTT HIGGINS2017-05-02
0012015-01-01SCOTT HIGGINS SCOTT HIGGINS2016-03-24
0012014-01-01SCOTT HIGGINS SCOTT HIGGINS2015-04-27

Plan Statistics for SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN

401k plan membership statisitcs for SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN

Measure Date Value
2021: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0119
Total number of active participants reported on line 7a of the Form 55002021-01-0114
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-014
Total of all active and inactive participants2021-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0118
Number of participants with account balances2021-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0121
Total number of active participants reported on line 7a of the Form 55002020-01-0116
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-0119
Total participants2020-01-0119
Number of participants with account balances2020-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0119
Total number of active participants reported on line 7a of the Form 55002019-01-0117
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-0121
Total participants2019-01-0121
Number of participants with account balances2019-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0122
Total number of active participants reported on line 7a of the Form 55002018-01-0116
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-013
Total of all active and inactive participants2018-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0119
Number of participants with account balances2018-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0122
Total number of active participants reported on line 7a of the Form 55002017-01-0122
Total of all active and inactive participants2017-01-0122
Total participants2017-01-0122
Number of participants with account balances2017-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0118
Total number of active participants reported on line 7a of the Form 55002016-01-0121
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-0122
Total participants2016-01-0122
Number of participants with account balances2016-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0117
Total number of active participants reported on line 7a of the Form 55002015-01-0118
Total of all active and inactive participants2015-01-0118
Total participants2015-01-0118
Number of participants with account balances2015-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-0117
Total of all active and inactive participants2014-01-0117
Total participants2014-01-0117
Number of participants with account balances2014-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN

Measure Date Value
2021 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$76,397
Expenses. Total of all expenses incurred2021-12-31$10,810
Benefits paid (including direct rollovers)2021-12-31$10,705
Total plan assets at end of year2021-12-31$552,143
Total plan assets at beginning of year2021-12-31$486,556
Value of fidelity bond covering the plan2021-12-31$50,000
Total contributions received or receivable from participants2021-12-31$15,003
Expenses. Other expenses not covered elsewhere2021-12-31$105
Other income received2021-12-31$50,994
Net income (gross income less expenses)2021-12-31$65,587
Net plan assets at end of year (total assets less liabilities)2021-12-31$552,143
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$486,556
Total contributions received or receivable from employer(s)2021-12-31$10,400
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$76,552
Expenses. Total of all expenses incurred2020-12-31$70,611
Benefits paid (including direct rollovers)2020-12-31$70,091
Total plan assets at end of year2020-12-31$486,556
Total plan assets at beginning of year2020-12-31$480,615
Value of fidelity bond covering the plan2020-12-31$50,000
Total contributions received or receivable from participants2020-12-31$15,608
Expenses. Other expenses not covered elsewhere2020-12-31$520
Other income received2020-12-31$49,827
Net income (gross income less expenses)2020-12-31$5,941
Net plan assets at end of year (total assets less liabilities)2020-12-31$486,556
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$480,615
Total contributions received or receivable from employer(s)2020-12-31$11,117
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$90,864
Expenses. Total of all expenses incurred2019-12-31$17,281
Benefits paid (including direct rollovers)2019-12-31$16,871
Total plan assets at end of year2019-12-31$480,615
Total plan assets at beginning of year2019-12-31$407,032
Value of fidelity bond covering the plan2019-12-31$50,000
Total contributions received or receivable from participants2019-12-31$13,363
Expenses. Other expenses not covered elsewhere2019-12-31$410
Other income received2019-12-31$64,821
Net income (gross income less expenses)2019-12-31$73,583
Net plan assets at end of year (total assets less liabilities)2019-12-31$480,615
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$407,032
Total contributions received or receivable from employer(s)2019-12-31$12,680
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$18,419
Expenses. Total of all expenses incurred2018-12-31$34,577
Benefits paid (including direct rollovers)2018-12-31$34,167
Total plan assets at end of year2018-12-31$407,032
Total plan assets at beginning of year2018-12-31$423,190
Value of fidelity bond covering the plan2018-12-31$50,000
Total contributions received or receivable from participants2018-12-31$19,256
Expenses. Other expenses not covered elsewhere2018-12-31$410
Other income received2018-12-31$-18,618
Net income (gross income less expenses)2018-12-31$-16,158
Net plan assets at end of year (total assets less liabilities)2018-12-31$407,032
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$423,190
Total contributions received or receivable from employer(s)2018-12-31$17,781
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$85,446
Expenses. Total of all expenses incurred2017-12-31$28,801
Benefits paid (including direct rollovers)2017-12-31$28,701
Total plan assets at end of year2017-12-31$423,190
Total plan assets at beginning of year2017-12-31$366,545
Value of fidelity bond covering the plan2017-12-31$50,000
Total contributions received or receivable from participants2017-12-31$18,014
Expenses. Other expenses not covered elsewhere2017-12-31$100
Other income received2017-12-31$51,261
Net income (gross income less expenses)2017-12-31$56,645
Net plan assets at end of year (total assets less liabilities)2017-12-31$423,190
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$366,545
Total contributions received or receivable from employer(s)2017-12-31$16,171
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$112,669
Expenses. Total of all expenses incurred2016-12-31$6,789
Benefits paid (including direct rollovers)2016-12-31$6,764
Total plan assets at end of year2016-12-31$366,545
Total plan assets at beginning of year2016-12-31$260,665
Value of fidelity bond covering the plan2016-12-31$50,000
Total contributions received or receivable from participants2016-12-31$66,011
Expenses. Other expenses not covered elsewhere2016-12-31$25
Other income received2016-12-31$18,700
Net income (gross income less expenses)2016-12-31$105,880
Net plan assets at end of year (total assets less liabilities)2016-12-31$366,545
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$260,665
Total contributions received or receivable from employer(s)2016-12-31$27,958
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$161,626
Expenses. Total of all expenses incurred2015-12-31$5,561
Benefits paid (including direct rollovers)2015-12-31$5,536
Total plan assets at end of year2015-12-31$260,665
Total plan assets at beginning of year2015-12-31$104,600
Total contributions received or receivable from participants2015-12-31$81,406
Expenses. Other expenses not covered elsewhere2015-12-31$25
Contributions received from other sources (not participants or employers)2015-12-31$58,208
Other income received2015-12-31$-5,767
Net income (gross income less expenses)2015-12-31$156,065
Net plan assets at end of year (total assets less liabilities)2015-12-31$260,665
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$104,600
Total contributions received or receivable from employer(s)2015-12-31$27,779
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$106,333
Expenses. Total of all expenses incurred2014-12-31$1,733
Benefits paid (including direct rollovers)2014-12-31$1,683
Total plan assets at end of year2014-12-31$104,600
Total plan assets at beginning of year2014-12-31$0
Total contributions received or receivable from participants2014-12-31$80,085
Expenses. Other expenses not covered elsewhere2014-12-31$50
Other income received2014-12-31$1,054
Net income (gross income less expenses)2014-12-31$104,600
Net plan assets at end of year (total assets less liabilities)2014-12-31$104,600
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$25,194
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN

2021: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
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
2020: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SPECIALTY TEXTILE GROUP, 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 filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SPECIALTY TEXTILE GROUP, 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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SPECIALTY TEXTILE GROUP, 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SPECIALTY TEXTILE GROUP, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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