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OWENS INC. RETIREMENT PLAN 401k Plan overview

Plan NameOWENS INC. RETIREMENT PLAN
Plan identification number 001

OWENS INC. RETIREMENT 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

OWENS INC. has sponsored the creation of one or more 401k plans.

Company Name:OWENS INC.
Employer identification number (EIN):300957582
NAIC Classification:238900

Additional information about OWENS INC.

Jurisdiction of Incorporation: Alaska Department Commerce, Community & Economic Development
Incorporation Date: 2013-08-19
Company Identification Number: 10014800
Legal Registered Office Address: 7205 REZANOFF

KODIAK
United States of America (USA)
99615

More information about OWENS INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OWENS INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-01-01TIMOTHY J. OWENS
0012016-10-28TIMOTHY J. OWENS

Plan Statistics for OWENS INC. RETIREMENT PLAN

401k plan membership statisitcs for OWENS INC. RETIREMENT PLAN

Measure Date Value
2018: OWENS INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011
Total number of active participants reported on line 7a of the Form 55002018-01-011
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-011
Number of participants with account balances2018-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: OWENS INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011
Total number of active participants reported on line 7a of the Form 55002017-01-011
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-011
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: OWENS INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-10-281
Total number of active participants reported on line 7a of the Form 55002016-10-281
Number of retired or separated participants receiving benefits2016-10-280
Number of other retired or separated participants entitled to future benefits2016-10-280
Total of all active and inactive participants2016-10-281
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-10-280
Total participants2016-10-281
Number of participants with account balances2016-10-281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-10-280

Financial Data on OWENS INC. RETIREMENT PLAN

Measure Date Value
2018 : OWENS INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$-89,829
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$190,076
Total plan assets at beginning of year2018-12-31$279,905
Total contributions received or receivable from participants2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-89,829
Net income (gross income less expenses)2018-12-31$-89,829
Net plan assets at end of year (total assets less liabilities)2018-12-31$190,076
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$279,905
Assets. Value of employer securities2018-12-31$185,000
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : OWENS INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$-74,602
Total plan assets at end of year2017-12-31$279,905
Total plan assets at beginning of year2017-12-31$354,507
Other income received2017-12-31$-74,602
Net income (gross income less expenses)2017-12-31$-74,602
Net plan assets at end of year (total assets less liabilities)2017-12-31$279,905
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$354,507
Assets. Value of employer securities2017-12-31$215,025
2016 : OWENS INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$354,507
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$354,507
Total plan assets at beginning of year2016-12-31$0
Total contributions received or receivable from participants2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$354,489
Other income received2016-12-31$18
Net income (gross income less expenses)2016-12-31$354,507
Net plan assets at end of year (total assets less liabilities)2016-12-31$354,507
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$0
Assets. Value of employer securities2016-12-31$250,000
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0

Form 5500 Responses for OWENS INC. RETIREMENT PLAN

2018: OWENS INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: OWENS INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: OWENS INC. RETIREMENT PLAN 2016 form 5500 responses
2016-10-28Type of plan entitySingle employer plan
2016-10-28First time form 5500 has been submittedYes
2016-10-28This return/report is a short plan year return/report (less than 12 months)Yes
2016-10-28Plan funding arrangement – TrustYes
2016-10-28Plan benefit arrangement - TrustYes

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