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PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NamePIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN
Plan identification number 001

PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

PIGG IMPLEMENT SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PIGG IMPLEMENT SALES, INC.
Employer identification number (EIN):356275644
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01B. RANDALL PIGG
0012009-01-01B. RANDALL PIGG B. RANDALL PIGG2010-08-09
0012008-01-01B. RANDALL PIGG

Plan Statistics for PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN

Measure Date Value
2010: PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0112
Total number of active participants reported on line 7a of the Form 55002010-01-0112
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0112
Number of participants with account balances2010-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0112
Total number of active participants reported on line 7a of the Form 55002009-01-0111
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0113
Number of participants with account balances2009-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011
2008: PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0113
Total number of active participants reported on line 7a of the Form 55002008-01-0112
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-011
Total of all active and inactive participants2008-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-011
Total participants2008-01-0114
Number of participants with account balances2008-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010

Financial Data on PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN

Measure Date Value
2010 : PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$105,920
Expenses. Total of all expenses incurred2010-12-31$427,246
Benefits paid (including direct rollovers)2010-12-31$418,583
Total plan assets at end of year2010-12-31$237,651
Total plan assets at beginning of year2010-12-31$558,977
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$47,992
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$26,396
Net income (gross income less expenses)2010-12-31$-321,326
Net plan assets at end of year (total assets less liabilities)2010-12-31$237,651
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$558,977
Assets. Value of participant loans2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$31,532
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$8,663
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0
2008 : PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2008 401k financial data
Transfers to/from the plan2008-12-31$0
Total income from all sources2008-12-31$-3,448
Expenses. Total of all expenses incurred2008-12-31$42,438
Benefits paid (including direct rollovers)2008-12-31$42,438
Total plan assets at end of year2008-12-31$519,880
Total plan assets at beginning of year2008-12-31$565,766
Value of fidelity bond covering the plan2008-12-31$50,000
Total contributions received or receivable from participants2008-12-31$2,858
Expenses. Other expenses not covered elsewhere2008-12-31$0
Contributions received from other sources (not participants or employers)2008-12-31$0
Other income received2008-12-31$-46,306
Net income (gross income less expenses)2008-12-31$-45,886
Net plan assets at end of year (total assets less liabilities)2008-12-31$519,880
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$565,766
Total contributions received or receivable from employer(s)2008-12-31$40,000
Value of certain deemed distributions of participant loans2008-12-31$0
Value of corrective distributions2008-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$0
Funding deficiency by the employer to the plan for this plan year2008-12-31$0
Minimum employer required contribution for this plan year2008-12-31$0
Amount contributed by the employer to the plan for this plan year2008-12-31$0

Form 5500 Responses for PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN

2010: PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2008: PIGG IMPLEMENT SALES, INC. PROFIT SHARING PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes

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