401k Plan data: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN plan

GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 401k Plan overview

Plan Name	GROEN AERONAUTICS CORPORATION RETIREMENT PLAN
Plan identification number	001

GROEN AERONAUTICS CORPORATION RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
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

GROEN BROTHERS AVIATION GLOBAL, INC has sponsored the creation of one or more 401k plans.

Company Name: GROEN BROTHERS AVIATION GLOBAL, INC

Employer identification number (EIN): 320383793

NAIC Classification: 336410

Additional information about GROEN BROTHERS AVIATION GLOBAL, INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 5177068

More information about GROEN BROTHERS AVIATION GLOBAL, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GROEN AERONAUTICS CORPORATION RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 AL WADDILL
001 2016-01-01 CARI ALLEN
001 2015-01-01 DAVID GROEN
001 2014-01-01 DAVID GROEN DAVID GROEN 2015-09-30
001 2013-01-01 ROBERT H H WILSON ROBERT H H WILSON 2014-07-31

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	AL WADDILL
001	2016-01-01	CARI ALLEN
001	2015-01-01	DAVID GROEN
001	2014-01-01	DAVID GROEN	DAVID GROEN	2015-09-30
001	2013-01-01	ROBERT H H WILSON	ROBERT H H WILSON	2014-07-31

Plan Statistics for GROEN AERONAUTICS CORPORATION RETIREMENT PLAN

401k plan membership statisitcs for GROEN AERONAUTICS CORPORATION RETIREMENT PLAN

Measure Date Value
2017: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Number of retired or separated participants receiving benefits 2017-01-01 31
Number of other retired or separated participants entitled to future benefits 2017-01-01 22
Total of all active and inactive participants 2017-01-01 55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 56
Number of participants with account balances 2017-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
Number of retired or separated participants receiving benefits 2016-01-01 30
Number of other retired or separated participants entitled to future benefits 2016-01-01 24
Total of all active and inactive participants 2016-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 1
Total participants 2016-01-01 57
Number of participants with account balances 2016-01-01 56
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 28
Number of other retired or separated participants entitled to future benefits 2015-01-01 27
Total of all active and inactive participants 2015-01-01 55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 2
Total participants 2015-01-01 57
Number of participants with account balances 2015-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 23
Number of retired or separated participants receiving benefits 2014-01-01 21
Number of other retired or separated participants entitled to future benefits 2014-01-01 20
Total of all active and inactive participants 2014-01-01 64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 2
Total participants 2014-01-01 66
Number of participants with account balances 2014-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 25
Number of retired or separated participants receiving benefits 2013-01-01 16
Number of other retired or separated participants entitled to future benefits 2013-01-01 23
Total of all active and inactive participants 2013-01-01 64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 2
Total participants 2013-01-01 66
Number of participants with account balances 2013-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0

Measure	Date	Value
2017: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Number of retired or separated participants receiving benefits	2017-01-01	31
Number of other retired or separated participants entitled to future benefits	2017-01-01	22
Total of all active and inactive participants	2017-01-01	55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	56
Number of participants with account balances	2017-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
Number of retired or separated participants receiving benefits	2016-01-01	30
Number of other retired or separated participants entitled to future benefits	2016-01-01	24
Total of all active and inactive participants	2016-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	1
Total participants	2016-01-01	57
Number of participants with account balances	2016-01-01	56
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	28
Number of other retired or separated participants entitled to future benefits	2015-01-01	27
Total of all active and inactive participants	2015-01-01	55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	2
Total participants	2015-01-01	57
Number of participants with account balances	2015-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	23
Number of retired or separated participants receiving benefits	2014-01-01	21
Number of other retired or separated participants entitled to future benefits	2014-01-01	20
Total of all active and inactive participants	2014-01-01	64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	2
Total participants	2014-01-01	66
Number of participants with account balances	2014-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	25
Number of retired or separated participants receiving benefits	2013-01-01	16
Number of other retired or separated participants entitled to future benefits	2013-01-01	23
Total of all active and inactive participants	2013-01-01	64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	2
Total participants	2013-01-01	66
Number of participants with account balances	2013-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0

Financial Data on GROEN AERONAUTICS CORPORATION RETIREMENT PLAN

Measure	Date	Value
2017 : GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$36,597
Expenses. Total of all expenses incurred	2017-12-31	$11,189
Benefits paid (including direct rollovers)	2017-12-31	$11,189
Total plan assets at end of year	2017-12-31	$257,962
Total plan assets at beginning of year	2017-12-31	$232,554
Value of fidelity bond covering the plan	2017-12-31	$250,000
Other income received	2017-12-31	$36,597
Net income (gross income less expenses)	2017-12-31	$25,408
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$257,962
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$232,554
Assets. Value of employer securities	2017-12-31	$1,007
2016 : GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$10,738
Expenses. Total of all expenses incurred	2016-12-31	$40,810
Benefits paid (including direct rollovers)	2016-12-31	$40,810
Total plan assets at end of year	2016-12-31	$232,554
Total plan assets at beginning of year	2016-12-31	$262,626
Value of fidelity bond covering the plan	2016-12-31	$250,000
Other income received	2016-12-31	$10,738
Net income (gross income less expenses)	2016-12-31	$-30,072
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$232,554
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$262,626
Assets. Value of employer securities	2016-12-31	$419
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$-3,568
Expenses. Total of all expenses incurred	2015-12-31	$328,295
Benefits paid (including direct rollovers)	2015-12-31	$328,295
Total plan assets at end of year	2015-12-31	$262,626
Total plan assets at beginning of year	2015-12-31	$594,489
Value of fidelity bond covering the plan	2015-12-31	$26,263
Other income received	2015-12-31	$-3,568
Net income (gross income less expenses)	2015-12-31	$-331,863
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$262,626
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$594,489
Assets. Value of employer securities	2015-12-31	$4,189
2014 : GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$25,230
Expenses. Total of all expenses incurred	2014-12-31	$194,872
Benefits paid (including direct rollovers)	2014-12-31	$194,872
Total plan assets at end of year	2014-12-31	$594,489
Total plan assets at beginning of year	2014-12-31	$764,131
Value of fidelity bond covering the plan	2014-12-31	$76,413
Total contributions received or receivable from participants	2014-12-31	$11,614
Other income received	2014-12-31	$13,616
Net income (gross income less expenses)	2014-12-31	$-169,642
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$594,489
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$764,131
Assets. Value of employer securities	2014-12-31	$8,377
2013 : GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$113,259
Expenses. Total of all expenses incurred	2013-12-31	$90,206
Benefits paid (including direct rollovers)	2013-12-31	$90,206
Total plan assets at end of year	2013-12-31	$764,131
Total plan assets at beginning of year	2013-12-31	$741,078
Value of fidelity bond covering the plan	2013-12-31	$76,413
Total contributions received or receivable from participants	2013-12-31	$3,294
Other income received	2013-12-31	$109,965
Net income (gross income less expenses)	2013-12-31	$23,053
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$764,131
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$741,078
Assets. Value of participant loans	2013-12-31	$10,148
Assets. Value of employer securities	2013-12-31	$20,943

Form 5500 Responses for GROEN AERONAUTICS CORPORATION RETIREMENT PLAN

2017: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: GROEN AERONAUTICS CORPORATION RETIREMENT PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

992023-000

Policy instance

Insurance contract or identification number	992023-000
Number of Individuals Covered	55
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $2,458
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Commission paid to Insurance Broker	USD $2,034
Insurance broker organization code?	3
Insurance broker name	PENSION MARK SECURITIES LLC

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Company Name:	GROEN BROTHERS AVIATION GLOBAL, INC
Employer identification number (EIN):	320383793
NAIC Classification:	336410

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	5177068