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HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameHOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

HOBOKEN WOOD FLOORING, LLC has sponsored the creation of one or more 401k plans.

Company Name:HOBOKEN WOOD FLOORING, LLC
Employer identification number (EIN):320149577
NAIC Classification:423300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01CRAIG DEAN2015-09-08
0012014-01-01CRAIG DEAN2015-07-30
0012013-01-01CRAIG DEAN2014-10-14
0012012-01-01CRAIG DEAN2013-12-09
0012009-01-01CRAIG S DEAN

Plan Statistics for HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2009: HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01230
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01171
Total of all active and inactive participants2009-01-01171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01171
Number of participants with account balances2009-01-01171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$17,406
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$34,924
Total income from all sources (including contributions)2010-12-31$60,570
Total of all expenses incurred2010-12-31$355,497
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$316,400
Value of total assets at end of year2010-12-31$474,883
Value of total assets at beginning of year2010-12-31$787,328
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$39,097
Total interest from all sources2010-12-31$100
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$6,066
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$6,066
Administrative expenses professional fees incurred2010-12-31$32,498
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$13,891
Liabilities. Value of operating payables at end of year2010-12-31$5,230
Liabilities. Value of operating payables at beginning of year2010-12-31$34,924
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$66,200
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-294,927
Value of net assets at end of year (total assets less liabilities)2010-12-31$457,477
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$752,404
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$6,599
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$155,486
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$339,934
Value of interest in common/collective trusts at end of year2010-12-31$1,560
Value of interest in common/collective trusts at beginning of year2010-12-31$3,699
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$317,837
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$363,604
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$363,604
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$100
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$54,240
Net investment gain or loss from common/collective trusts2010-12-31$164
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$316,400
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Liabilities. Value of benefit claims payable at end of year2010-12-31$12,176
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No

Form 5500 Responses for HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN

2009: HOBOKEN WOOD FLOORING, LLC 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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