401k Plan data: FLEXCO SAVINGS PLAN plan

FLEXCO SAVINGS PLAN 401k Plan overview

Plan Name	FLEXCO SAVINGS PLAN
Plan identification number	002

FLEXCO SAVINGS 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CLIPPER BELT LACER CO FLEXCO has sponsored the creation of one or more 401k plans.

Company Name: CLIPPER BELT LACER CO FLEXCO

Employer identification number (EIN): 380428890

NAIC Classification: 332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLEXCO SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2013-01-01 KEN WHORISKEY
002 2012-01-01 GLEN PARADISE GLEN PARADISE 2013-10-15
002 2011-01-01 NANCY AYRES 2012-05-18 NANCY AYRES 2012-05-18
002 2010-01-01 NANCY AYRES 2011-06-06 NANCY AYRES 2011-06-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2013-01-01	KEN WHORISKEY
002	2012-01-01	GLEN PARADISE		GLEN PARADISE	2013-10-15
002	2011-01-01	NANCY AYRES	2012-05-18	NANCY AYRES	2012-05-18
002	2010-01-01	NANCY AYRES	2011-06-06	NANCY AYRES	2011-06-06

Plan Statistics for FLEXCO SAVINGS PLAN

401k plan membership statisitcs for FLEXCO SAVINGS PLAN

Measure Date Value
2013: FLEXCO SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 154
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: FLEXCO SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 147
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 6
Total of all active and inactive participants 2012-01-01 153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 1
Total participants 2012-01-01 154
Number of participants with account balances 2012-01-01 152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2013: FLEXCO SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	154
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: FLEXCO SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	147
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	6
Total of all active and inactive participants	2012-01-01	153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	1
Total participants	2012-01-01	154
Number of participants with account balances	2012-01-01	152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on FLEXCO SAVINGS PLAN

Measure	Date	Value
2013 : FLEXCO SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-04-03	$0
Total transfer of assets from this plan	2013-04-03	$11,611,602
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-04-03	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-04-03	$0
Total income from all sources (including contributions)	2013-04-03	$767,380
Total loss/gain on sale of assets	2013-04-03	$0
Total of all expenses incurred	2013-04-03	$16,182
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-04-03	$15,400
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-04-03	$250,935
Value of total assets at end of year	2013-04-03	$0
Value of total assets at beginning of year	2013-04-03	$10,860,404
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-04-03	$782
Total interest from all sources	2013-04-03	$2,536
Total dividends received (eg from common stock, registered investment company shares)	2013-04-03	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-04-03	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-04-03	$0
Was this plan covered by a fidelity bond	2013-04-03	Yes
Value of fidelity bond cover	2013-04-03	$1,500,000
If this is an individual account plan, was there a blackout period	2013-04-03	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-04-03	$0
Were there any nonexempt tranactions with any party-in-interest	2013-04-03	No
Contributions received from participants	2013-04-03	$202,421
Participant contributions at beginning of year	2013-04-03	$175,763
Income. Received or receivable in cash from other sources (including rollovers)	2013-04-03	$4,762
Other income not declared elsewhere	2013-04-03	$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-04-03	No
Value of net income/loss	2013-04-03	$751,198
Value of net assets at end of year (total assets less liabilities)	2013-04-03	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-04-03	$10,860,404
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-04-03	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-04-03	No
Were any leases to which the plan was party in default or uncollectible	2013-04-03	No
Value of interest in pooled separate accounts at beginning of year	2013-04-03	$9,110,117
Interest on participant loans	2013-04-03	$2,195
Interest earned on other investments	2013-04-03	$341
Value of interest in common/collective trusts at beginning of year	2013-04-03	$1,459,395
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2013-04-03	$99,472
Net investment gain/loss from pooled separate accounts	2013-04-03	$538,325
Net investment gain or loss from common/collective trusts	2013-04-03	$-24,417
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-04-03	No
Was there a failure to transmit to the plan any participant contributions	2013-04-03	No
Has the plan failed to provide any benefit when due under the plan	2013-04-03	No
Contributions received in cash from employer	2013-04-03	$43,752
Employer contributions (assets) at beginning of year	2013-04-03	$15,657
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-04-03	$15,400
Contract administrator fees	2013-04-03	$782
Did the plan have assets held for investment	2013-04-03	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-04-03	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-04-03	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-04-03	Yes
Opinion of an independent qualified public accountant for this plan	2013-04-03	Disclaimer
Accountancy firm name	2013-04-03	WOLF & COMPANY
Accountancy firm EIN	2013-04-03	362985665
2012 : FLEXCO SAVINGS PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets	2012-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$0
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total transfer of assets to this plan	2012-12-31	$0
Total transfer of assets from this plan	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$2,110,144
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$128,877
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$116,295
Expenses. Certain deemed distributions of participant loans	2012-12-31	$0
Value of total corrective distributions	2012-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$983,445
Value of total assets at end of year	2012-12-31	$10,860,404
Value of total assets at beginning of year	2012-12-31	$8,879,137
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$12,582
Total income from rents	2012-12-31	$0
Total interest from all sources	2012-12-31	$9,729
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$0
Administrative expenses professional fees incurred	2012-12-31	$0
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$1,500,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Amount of non-exempt transactions with any party-in-interest	2012-12-31	$0
Contributions received from participants	2012-12-31	$666,660
Participant contributions at end of year	2012-12-31	$175,763
Participant contributions at beginning of year	2012-12-31	$190,899
Participant contributions at end of year	2012-12-31	$0
Participant contributions at beginning of year	2012-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$145,743
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2012-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2012-12-31	$0
Other income not declared elsewhere	2012-12-31	$1
Administrative expenses (other) incurred	2012-12-31	$0
Liabilities. Value of operating payables at beginning of year	2012-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$1,981,267
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$10,860,404
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$8,879,137
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2012-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2012-12-31	$0
Investment advisory and management fees	2012-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$0
Value of interest in pooled separate accounts at end of year	2012-12-31	$9,110,117
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$7,124,975
Interest on participant loans	2012-12-31	$8,200
Income. Interest from loans (other than to participants)	2012-12-31	$0
Interest earned on other investments	2012-12-31	$1,529
Income. Interest from US Government securities	2012-12-31	$0
Income. Interest from corporate debt instruments	2012-12-31	$0
Value of interest in common/collective trusts at end of year	2012-12-31	$1,459,395
Value of interest in common/collective trusts at beginning of year	2012-12-31	$1,447,303
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$99,472
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$108,707
Expenses. Payments to insurance carriers foe the provision of benefits	2012-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$0
Net investment gain/loss from pooled separate accounts	2012-12-31	$1,110,460
Net investment gain or loss from common/collective trusts	2012-12-31	$6,509
Net gain/loss from 103.12 investment entities	2012-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$171,042
Employer contributions (assets) at end of year	2012-12-31	$15,657
Employer contributions (assets) at beginning of year	2012-12-31	$7,253
Income. Dividends from preferred stock	2012-12-31	$0
Income. Dividends from common stock	2012-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$116,295
Contract administrator fees	2012-12-31	$12,582
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$0
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2012-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	WOLF & COMPANY
Accountancy firm EIN	2012-12-31	362985665

Form 5500 Responses for FLEXCO SAVINGS PLAN

2013: FLEXCO SAVINGS 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	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
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
2012: FLEXCO SAVINGS PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

379978

Policy instance

Insurance contract or identification number	379978
Number of Individuals Covered	0
Insurance policy start date	2013-01-01
Insurance policy end date	2013-04-03
Total amount of commissions paid to insurance broker	USD $15,835
Total amount of fees paid to insurance company	USD $529
Are there contracts with allocated funds for individual policies?	No
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 $6,784
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE
Insurance broker name	NATIONAL PLANNING CORPORATION

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

379978

Policy instance

Insurance contract or identification number	379978
Number of Individuals Covered	154
Insurance policy start date	2012-01-01
Insurance policy end date	2012-12-31
Total amount of commissions paid to insurance broker	USD $20,804
Total amount of fees paid to insurance company	USD $456
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $13,924
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE
Insurance broker name	NATIONAL PLANNING CORPORATION

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Company Name:	CLIPPER BELT LACER CO FLEXCO
Employer identification number (EIN):	380428890
NAIC Classification:	332900