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COPE PLASTICS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameCOPE PLASTICS, INC. PROFIT SHARING PLAN
Plan identification number 001

COPE PLASTICS, 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.
  • Life insurance

401k Sponsoring company profile

COPE PLASTICS, INC. has sponsored the creation of one or more 401k plans.

Company Name:COPE PLASTICS, INC.
Employer identification number (EIN):370774093
NAIC Classification:326100

Additional information about COPE PLASTICS, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2015-11-17
Company Identification Number: 0802332643
Legal Registered Office Address: 4441 INDUSTRIAL DR

ALTON
United States of America (USA)
62002

More information about COPE PLASTICS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COPE PLASTICS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01JOHN F. THEEN PATSY J. SAALE2011-10-12

Plan Statistics for COPE PLASTICS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for COPE PLASTICS, INC. PROFIT SHARING PLAN

Measure Date Value
2010: COPE PLASTICS, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01341
Total number of active participants reported on line 7a of the Form 55002010-01-01329
Number of retired or separated participants receiving benefits2010-01-012
Number of other retired or separated participants entitled to future benefits2010-01-0116
Total of all active and inactive participants2010-01-01347
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01347
Number of participants with account balances2010-01-01265
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0110

Financial Data on COPE PLASTICS, INC. PROFIT SHARING PLAN

Measure Date Value
2010 : COPE PLASTICS, INC. PROFIT SHARING 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$2,394,883
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$421,134
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$420,934
Value of total corrective distributions2010-12-31$200
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$753,283
Value of total assets at end of year2010-12-31$14,068,278
Value of total assets at beginning of year2010-12-31$12,094,529
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$60,099
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$600,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$657,328
Assets. Other investments not covered elsewhere at end of year2010-12-31$218,235
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$210,073
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$15
Other income not declared elsewhere2010-12-31$11,453
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$1,973,749
Value of net assets at end of year (total assets less liabilities)2010-12-31$14,068,278
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,094,529
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 pooled separate accounts at end of year2010-12-31$11,988,824
Value of interest in pooled separate accounts at beginning of year2010-12-31$10,120,439
Interest earned on other investments2010-12-31$60,099
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,861,219
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,764,017
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$9,228
Net investment gain/loss from pooled separate accounts2010-12-31$1,570,048
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$95,955
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$411,691
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
Accountancy firm name2010-12-31RICK & SHANNAHAN, CPAS
Accountancy firm EIN2010-12-31431110862

Form 5500 Responses for COPE PLASTICS, INC. PROFIT SHARING PLAN

2010: COPE PLASTICS, 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
2010-01-01Plan benefit arrangement - TrustYes

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