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MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 401k Plan overview

Plan NameMARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006
Plan identification number 002

MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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.
  • 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

MARINE ACQUISITION CORP. has sponsored the creation of one or more 401k plans.

Company Name:MARINE ACQUISITION CORP.
Employer identification number (EIN):275496404
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01KIMBERLY KOENNECKER2018-10-10
0022016-01-01
0022015-01-01KIMBERLY KOENNECKER2016-10-17 KIMBERLY KOENNECKER2016-10-17
0022014-01-01KIMBERLY KOENNECKER2015-04-28 KIMBERLY KOENNECKER2015-04-28
0022013-01-01KIMBERLY KOENNECKER2014-10-13 KIMBERLY KOENNECKER2014-10-13
0022012-01-01GREG HOUSE
0022011-03-22GREG HOUSE
0022011-01-01KIMBERLY KOENNECKER2012-10-09 KIMBERLY KOENNECKER2012-10-09

Plan Statistics for MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006

401k plan membership statisitcs for MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006

Measure Date Value
2012: MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 2012 401k membership
Total participants, beginning-of-year2012-01-01452
Total number of active participants reported on line 7a of the Form 55002012-01-0167
Number of retired or separated participants receiving benefits2012-01-01168
Number of other retired or separated participants entitled to future benefits2012-01-01190
Total of all active and inactive participants2012-01-01425
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0121
Total participants2012-01-01446
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 2011 401k membership
Total participants, beginning-of-year2011-03-22467
Total number of active participants reported on line 7a of the Form 55002011-03-2270
Number of retired or separated participants receiving benefits2011-03-22152
Number of other retired or separated participants entitled to future benefits2011-03-22209
Total of all active and inactive participants2011-03-22431
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-03-2221
Total participants2011-03-22452
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-03-220

Financial Data on MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006

Measure Date Value
2012 : MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 2012 401k financial data
Total transfer of assets to this plan2012-12-31$88,755
Total income from all sources (including contributions)2012-12-31$3,114,098
Total of all expenses incurred2012-12-31$1,276,485
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,210,498
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$527,857
Value of total assets at end of year2012-12-31$20,923,210
Value of total assets at beginning of year2012-12-31$18,996,842
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$65,987
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$499,440
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$499,440
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Other income not declared elsewhere2012-12-31$58,831
Administrative expenses (other) incurred2012-12-31$65,987
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,837,613
Value of net assets at end of year (total assets less liabilities)2012-12-31$20,923,210
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$18,996,842
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$16,009,375
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$14,304,776
Value of interest in common/collective trusts at end of year2012-12-31$4,769,888
Value of interest in common/collective trusts at beginning of year2012-12-31$4,137,463
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,464,263
Net investment gain or loss from common/collective trusts2012-12-31$563,707
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$527,857
Employer contributions (assets) at end of year2012-12-31$143,947
Employer contributions (assets) at beginning of year2012-12-31$554,603
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,210,498
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BDO USA, LLP
Accountancy firm EIN2012-12-31135381590
2011 : MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 2011 401k financial data
Total transfer of assets to this plan2011-12-31$18,281,815
Total income from all sources (including contributions)2011-12-31$1,461,550
Total of all expenses incurred2011-12-31$746,523
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$741,106
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$794,603
Value of total assets at end of year2011-12-31$18,996,842
Value of total assets at beginning of year2011-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$5,417
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$179,097
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$179,097
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Administrative expenses (other) incurred2011-12-31$5,417
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$715,027
Value of net assets at end of year (total assets less liabilities)2011-12-31$18,996,842
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$0
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$14,304,776
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$4,137,463
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$418,420
Net investment gain or loss from common/collective trusts2011-12-31$69,430
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$794,603
Employer contributions (assets) at end of year2011-12-31$554,603
Employer contributions (assets) at beginning of year2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$741,106
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BDO USA, LLP
Accountancy firm EIN2011-12-31135381590

Form 5500 Responses for MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006

2012: MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MARINE ACQUISITION CORP. 401(K) PLAN FOR THE BENEFIT OF UNION EMPLOYEES HIRED PRIOR TO JULY 1, 2006 2011 form 5500 responses
2011-03-22Type of plan entitySingle employer plan
2011-03-22First time form 5500 has been submittedYes
2011-03-22This return/report is a short plan year return/report (less than 12 months)Yes
2011-03-22Plan funding arrangement – TrustYes
2011-03-22Plan benefit arrangement - TrustYes

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