401k Plan data: MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES plan

MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES 401k Plan overview

Plan Name	MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES
Plan identification number	002

MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES 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.
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

SINY CORP. DBA MONTEREY MILLS has sponsored the creation of one or more 401k plans.

Company Name: SINY CORP. DBA MONTEREY MILLS

Employer identification number (EIN): 391050527

NAIC Classification: 313000
NAIC Description: Textile Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2019-01-01
002 2019-01-01

Plan Statistics for MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES

401k plan membership statisitcs for MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES

Measure Date Value
2019: MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES 2019 401k membership
Total participants, beginning-of-year 2019-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 46
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 18
Total of all active and inactive participants 2019-01-01 64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 64
Number of participants with account balances 2019-01-01 45
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2019: MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES 2019 401k membership
Total participants, beginning-of-year	2019-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	46
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	18
Total of all active and inactive participants	2019-01-01	64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	64
Number of participants with account balances	2019-01-01	45
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES

Measure	Date	Value
2019 : MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES 2019 401k financial data
Transfers to/from the plan	2019-12-31	$6,893
Total plan liabilities at end of year	2019-12-31	$2
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$228,581
Expenses. Total of all expenses incurred	2019-12-31	$96,528
Benefits paid (including direct rollovers)	2019-12-31	$88,314
Total plan assets at end of year	2019-12-31	$1,510,132
Total plan assets at beginning of year	2019-12-31	$1,371,184
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$57,179
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$171,402
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$132,053
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$1,510,130
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,371,184
Assets. Value of participant loans	2019-12-31	$26,031
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2019-12-31	$0
Total contributions received or receivable from employer(s)	2019-12-31	$0
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$8,214

Form 5500 Responses for MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES

2019: MONTEREY MILLS 401(K) RETIREMENT PLAN FOR UNION EMPLOYEES 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	Yes
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	Yes
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 60139 )

Policy contract number

895855 087

Policy instance

Insurance contract or identification number	895855 087
Number of Individuals Covered	40
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
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?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	0

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Company Name:	SINY CORP. DBA MONTEREY MILLS
Employer identification number (EIN):	391050527
NAIC Classification:	313000
NAIC Description:	Textile Mills