401k Plan data: FRIEDLAND INDUSTRIES, INC. plan

FRIEDLAND INDUSTRIES, INC. 401k Plan overview

Plan Name	FRIEDLAND INDUSTRIES, INC.
Plan identification number	003

FRIEDLAND INDUSTRIES, INC. Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.

401k Sponsoring company profile

FRIEDLAND INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: FRIEDLAND INDUSTRIES, INC.

Employer identification number (EIN): 382749861

NAIC Classification: 331400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FRIEDLAND INDUSTRIES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2008-07-01 RANDOLPH RIFKIN RANDOLPH RIFKIN 2010-11-23

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2008-07-01	RANDOLPH RIFKIN		RANDOLPH RIFKIN	2010-11-23

Plan Statistics for FRIEDLAND INDUSTRIES, INC.

401k plan membership statisitcs for FRIEDLAND INDUSTRIES, INC.

Measure Date Value
2008: FRIEDLAND INDUSTRIES, INC. 2008 401k membership
Total participants, beginning-of-year 2008-07-01 12
Total number of active participants reported on line 7a of the Form 5500 2008-07-01 0
Total of all active and inactive participants 2008-07-01 0
Total participants 2008-07-01 0

Measure	Date	Value
2008: FRIEDLAND INDUSTRIES, INC. 2008 401k membership
Total participants, beginning-of-year	2008-07-01	12
Total number of active participants reported on line 7a of the Form 5500	2008-07-01	0
Total of all active and inactive participants	2008-07-01	0
Total participants	2008-07-01	0

Financial Data on FRIEDLAND INDUSTRIES, INC.

Measure	Date	Value
2009 : FRIEDLAND INDUSTRIES, INC. 2009 401k financial data
Total income from all sources	2009-06-30	$-132,521
Expenses. Total of all expenses incurred	2009-06-30	$639,972
Benefits paid (including direct rollovers)	2009-06-30	$636,995
Total plan assets at end of year	2009-06-30	$0
Total plan assets at beginning of year	2009-06-30	$772,493
Value of fidelity bond covering the plan	2009-06-30	$50,000
Expenses. Other expenses not covered elsewhere	2009-06-30	$2,977
Other income received	2009-06-30	$-132,521
Net income (gross income less expenses)	2009-06-30	$-772,493
Net plan assets at end of year (total assets less liabilities)	2009-06-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2009-06-30	$772,493
Total contributions received or receivable from employer(s)	2009-06-30	$0

Form 5500 Responses for FRIEDLAND INDUSTRIES, INC.

2008: FRIEDLAND INDUSTRIES, INC. 2008 form 5500 responses
2008-07-01	Type of plan entity	Single employer plan
2008-07-01	Submission has been amended	No
2008-07-01	This submission is the final filing	Yes
2008-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-07-01	Plan is a collectively bargained plan	No
2008-07-01	Plan funding arrangement – Trust	Yes
2008-07-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FRIEDLAND INDUSTRIES, INC.
Employer identification number (EIN):	382749861
NAIC Classification:	331400