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CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 401k Plan overview

Plan NameCLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN
Plan identification number 001

CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS 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.
  • 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

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

Company Name:CLARK PRODUCTS INC
Employer identification number (EIN):362818616
NAIC Classification:424100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01DONALD HINDMAN CLARK PRODUCTS, INC.2013-05-21
0012009-01-01DONALD D. HINDMAN DONALD D. HINDMAN2010-10-13
0012009-01-01GLADYS ZOLNA

Plan Statistics for CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN

401k plan membership statisitcs for CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN

Measure Date Value
2012: CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0128
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2009: CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01507
Total number of active participants reported on line 7a of the Form 55002009-01-01212
Number of retired or separated participants receiving benefits2009-01-012
Number of other retired or separated participants entitled to future benefits2009-01-01262
Total of all active and inactive participants2009-01-01476
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01476
Number of participants with account balances2009-01-01473
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0116

Financial Data on CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN

Measure Date Value
2012 : CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-20$15,226
Expenses. Total of all expenses incurred2012-12-20$251,512
Benefits paid (including direct rollovers)2012-12-20$208,356
Total plan assets at end of year2012-12-20$0
Total plan assets at beginning of year2012-12-20$236,286
Value of fidelity bond covering the plan2012-12-20$1,000,000
Expenses. Other expenses not covered elsewhere2012-12-20$43,156
Other income received2012-12-20$15,226
Net income (gross income less expenses)2012-12-20$-236,286
Net plan assets at end of year (total assets less liabilities)2012-12-20$0
Net plan assets at beginning of year (total assets less liabilities)2012-12-20$236,286
2011 : CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$-132
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$130,545
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$85,995
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$236,286
Value of total assets at beginning of year2011-12-31$366,963
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$44,550
Total interest from all sources2011-12-31$4,544
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Administrative expenses (other) incurred2011-12-31$44,550
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-130,677
Value of net assets at end of year (total assets less liabilities)2011-12-31$236,286
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$366,963
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$102,887
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$160,334
Interest earned on other investments2011-12-31$4,544
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$133,399
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$206,629
Net investment gain/loss from pooled separate accounts2011-12-31$-4,676
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$85,995
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
2010 : CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$297,980
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$12,757,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$12,731,498
Value of total corrective distributions2010-12-31$1,735
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$86,699
Value of total assets at end of year2010-12-31$366,963
Value of total assets at beginning of year2010-12-31$12,826,109
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$23,893
Total interest from all sources2010-12-31$32,508
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
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
Contributions received from participants2010-12-31$83,619
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$441,325
Other income not declared elsewhere2010-12-31$1,909
Administrative expenses (other) incurred2010-12-31$23,893
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-12,459,146
Value of net assets at end of year (total assets less liabilities)2010-12-31$366,963
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,826,109
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$160,334
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$9,196,059
Interest on participant loans2010-12-31$2,624
Interest earned on other investments2010-12-31$29,884
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$206,629
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$3,188,725
Net investment gain/loss from pooled separate accounts2010-12-31$176,864
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
Contributions received in cash from employer2010-12-31$3,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$12,731,498
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer

Form 5500 Responses for CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN

2012: CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2009: CLARK PRODUCTS, INC. RETIREMENT AND SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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
2009-01-01Plan benefit arrangement - TrustYes

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