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SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN 401k Plan overview

Plan NameSIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN
Plan identification number 103

SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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 SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
1032009-05-14DON HINDMAN DON HINDMAN2011-03-15

Plan Statistics for SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN

401k plan membership statisitcs for SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2009: SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-05-14124
Total number of active participants reported on line 7a of the Form 55002009-05-140
Number of retired or separated participants receiving benefits2009-05-1434
Number of other retired or separated participants entitled to future benefits2009-05-1479
Total of all active and inactive participants2009-05-14113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-05-144
Total participants2009-05-14117
Number of participants with account balances2009-05-140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-05-140

Financial Data on SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2009 : SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN 2009 401k financial data
Total income from all sources (including contributions)2009-05-13$-1,447,001
Total of all expenses incurred2009-05-13$230,361
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-05-13$214,077
Value of total assets at end of year2009-05-13$3,680,913
Value of total assets at beginning of year2009-05-13$5,358,275
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-05-13$16,284
Total interest from all sources2009-05-13$97,322
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-05-13No
Was this plan covered by a fidelity bond2009-05-13Yes
Value of fidelity bond cover2009-05-13$1,000,000
If this is an individual account plan, was there a blackout period2009-05-13No
Were there any nonexempt tranactions with any party-in-interest2009-05-13No
Other income not declared elsewhere2009-05-13$-163,689
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-05-13No
Value of net income/loss2009-05-13$-1,677,362
Value of net assets at end of year (total assets less liabilities)2009-05-13$3,680,913
Value of net assets at beginning of year (total assets less liabilities)2009-05-13$5,358,275
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-05-13No
Were any loans by the plan or fixed income obligations due to the plan in default2009-05-13No
Were any leases to which the plan was party in default or uncollectible2009-05-13No
Value of interest in pooled separate accounts at end of year2009-05-13$2,146,868
Value of interest in pooled separate accounts at beginning of year2009-05-13$3,527,502
Interest earned on other investments2009-05-13$97,322
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2009-05-13$1,534,045
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2009-05-13$1,801,779
Net investment gain/loss from pooled separate accounts2009-05-13$-1,380,634
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-05-13No
Was there a failure to transmit to the plan any participant contributions2009-05-13No
Has the plan failed to provide any benefit when due under the plan2009-05-13No
Employer contributions (assets) at beginning of year2009-05-13$28,994
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-05-13$214,077
Contract administrator fees2009-05-13$16,284
Did the plan have assets held for investment2009-05-13Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-05-13No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-05-13No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2009-05-13Yes
Opinion of an independent qualified public accountant for this plan2009-05-13Disclaimer
Accountancy firm name2009-05-13CROWE HORWATH LLP
Accountancy firm EIN2009-05-13350921680

Form 5500 Responses for SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN

2009: SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLAN 2009 form 5500 responses
2009-05-14Type of plan entitySingle employer plan
2009-05-14This submission is the final filingNo
2009-05-14This return/report is a short plan year return/report (less than 12 months)No
2009-05-14Plan is a collectively bargained planYes
2009-05-14Plan funding arrangement – InsuranceYes
2009-05-14Plan benefit arrangement – InsuranceYes

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