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YO-FAM, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameYO-FAM, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

YO-FAM, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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

YO-FAM, INC. has sponsored the creation of one or more 401k plans.

Company Name:YO-FAM, INC.
Employer identification number (EIN):274276708
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YO-FAM, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01TOM YOUNG
0012014-01-01TOM YOUNG
0012013-01-01TOM YOUNG
0012012-01-01TOM YOUNG
0012011-01-13TOM YOUNG

Plan Statistics for YO-FAM, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for YO-FAM, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2015: YO-FAM, INC. 401K PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: YO-FAM, INC. 401K PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-017
Total number of active participants reported on line 7a of the Form 55002014-01-018
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-019
Number of participants with account balances2014-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: YO-FAM, INC. 401K PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-016
Total number of active participants reported on line 7a of the Form 55002013-01-016
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-016
Number of participants with account balances2013-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: YO-FAM, INC. 401K PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-016
Total number of active participants reported on line 7a of the Form 55002012-01-013
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-014
Number of participants with account balances2012-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: YO-FAM, INC. 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-132
Total number of active participants reported on line 7a of the Form 55002011-01-136
Number of retired or separated participants receiving benefits2011-01-130
Number of other retired or separated participants entitled to future benefits2011-01-130
Total of all active and inactive participants2011-01-136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-130
Total participants2011-01-136
Number of participants with account balances2011-01-132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-130

Financial Data on YO-FAM, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2015 : YO-FAM, INC. 401K PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at beginning of year2015-10-07$0
Total income from all sources2015-10-07$-70,482
Expenses. Total of all expenses incurred2015-10-07$504,055
Benefits paid (including direct rollovers)2015-10-07$504,055
Total plan assets at end of year2015-10-07$0
Total plan assets at beginning of year2015-10-07$574,537
Total contributions received or receivable from participants2015-10-07$1,044
Other income received2015-10-07$-71,526
Net income (gross income less expenses)2015-10-07$-574,537
Net plan assets at end of year (total assets less liabilities)2015-10-07$0
Net plan assets at beginning of year (total assets less liabilities)2015-10-07$574,537
Assets. Value of employer securities2015-10-07$0
Total contributions received or receivable from employer(s)2015-10-07$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-10-07$0
2014 : YO-FAM, INC. 401K PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$-66,002
Expenses. Total of all expenses incurred2014-12-31$514
Benefits paid (including direct rollovers)2014-12-31$514
Total plan assets at end of year2014-12-31$574,537
Total plan assets at beginning of year2014-12-31$641,053
Total contributions received or receivable from participants2014-12-31$2,097
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$-68,099
Net income (gross income less expenses)2014-12-31$-66,516
Net plan assets at end of year (total assets less liabilities)2014-12-31$574,537
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$641,053
Assets. Value of employer securities2014-12-31$218,520
Total contributions received or receivable from employer(s)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : YO-FAM, INC. 401K PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$70,853
Expenses. Total of all expenses incurred2013-12-31$1,105
Benefits paid (including direct rollovers)2013-12-31$1,080
Total plan assets at end of year2013-12-31$641,053
Total plan assets at beginning of year2013-12-31$571,305
Total contributions received or receivable from participants2013-12-31$1,093
Expenses. Other expenses not covered elsewhere2013-12-31$25
Other income received2013-12-31$69,760
Net income (gross income less expenses)2013-12-31$69,748
Net plan assets at end of year (total assets less liabilities)2013-12-31$641,053
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$571,305
Assets. Value of employer securities2013-12-31$300,400
Total contributions received or receivable from employer(s)2013-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : YO-FAM, INC. 401K PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$60,529
Expenses. Total of all expenses incurred2012-12-31$0
Total plan assets at end of year2012-12-31$571,305
Total plan assets at beginning of year2012-12-31$510,776
Total contributions received or receivable from participants2012-12-31$981
Other income received2012-12-31$59,548
Net income (gross income less expenses)2012-12-31$60,529
Net plan assets at end of year (total assets less liabilities)2012-12-31$571,305
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$510,776
Assets. Value of employer securities2012-12-31$268,600
Total contributions received or receivable from employer(s)2012-12-31$0
2011 : YO-FAM, INC. 401K PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$510,788
Expenses. Total of all expenses incurred2011-12-31$12
Total plan assets at end of year2011-12-31$510,776
Total plan assets at beginning of year2011-12-31$0
Total contributions received or receivable from participants2011-12-31$38
Expenses. Other expenses not covered elsewhere2011-12-31$12
Contributions received from other sources (not participants or employers)2011-12-31$524,642
Other income received2011-12-31$-13,892
Net income (gross income less expenses)2011-12-31$510,776
Net plan assets at end of year (total assets less liabilities)2011-12-31$510,776
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
Assets. Value of employer securities2011-12-31$225,000
Total contributions received or receivable from employer(s)2011-12-31$0

Form 5500 Responses for YO-FAM, INC. 401K PROFIT SHARING PLAN

2015: YO-FAM, INC. 401K PROFIT SHARING 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 filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: YO-FAM, INC. 401K PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
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
2013: YO-FAM, INC. 401K PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: YO-FAM, INC. 401K PROFIT SHARING PLAN 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 filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: YO-FAM, INC. 401K PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-13Type of plan entitySingle employer plan
2011-01-13First time form 5500 has been submittedYes
2011-01-13Submission has been amendedNo
2011-01-13This submission is the final filingNo
2011-01-13This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-13Plan is a collectively bargained planNo
2011-01-13Plan funding arrangement – TrustYes
2011-01-13Plan benefit arrangement - TrustYes

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