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FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 401k Plan overview

Plan NameFRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN
Plan identification number 001

FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT 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.

401k Sponsoring company profile

FRANK IMPLEMENT CO. has sponsored the creation of one or more 401k plans.

Company Name:FRANK IMPLEMENT CO.
Employer identification number (EIN):470464264
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01BRYAN FRANK2019-11-12
0012016-01-01DANNA LADELY2017-07-31
0012015-01-01DANNA LADELY2016-07-27
0012014-01-01DANNA LADELY
0012013-01-01CHARLES HOHNSTEIN CHARLES HOHNSTEIN2014-07-22
0012012-01-01CHARLES HOHNSTEIN
0012011-01-01CHARLES HOHNSTEIN
0012009-01-01CHARLES HOHNSTEIN BRYAN FRANK2010-09-15

Plan Statistics for FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN

401k plan membership statisitcs for FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN

Measure Date Value
2014: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0147
Total number of active participants reported on line 7a of the Form 55002014-01-0145
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0110
Total of all active and inactive participants2014-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0155
Number of participants with account balances2014-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-017
2013: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0154
Total number of active participants reported on line 7a of the Form 55002013-01-0152
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-017
Total of all active and inactive participants2013-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0159
Number of participants with account balances2013-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-017
2012: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0153
Total number of active participants reported on line 7a of the Form 55002012-01-0148
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-017
Total of all active and inactive participants2012-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0155
Number of participants with account balances2012-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-017
2011: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0154
Total number of active participants reported on line 7a of the Form 55002011-01-0147
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0147
Number of participants with account balances2011-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0152
Total number of active participants reported on line 7a of the Form 55002009-01-0139
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-0148
Number of participants with account balances2009-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN

Measure Date Value
2014 : FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$265
Total income from all sources2014-12-31$628,622
Expenses. Total of all expenses incurred2014-12-31$71,026
Benefits paid (including direct rollovers)2014-12-31$70,624
Total plan assets at end of year2014-12-31$5,595,495
Total plan assets at beginning of year2014-12-31$5,037,634
Value of fidelity bond covering the plan2014-12-31$400,000
Total contributions received or receivable from participants2014-12-31$219,428
Expenses. Other expenses not covered elsewhere2014-12-31$402
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$283,588
Net income (gross income less expenses)2014-12-31$557,596
Net plan assets at end of year (total assets less liabilities)2014-12-31$5,595,495
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$5,037,634
Assets. Value of participant loans2014-12-31$60,141
Total contributions received or receivable from employer(s)2014-12-31$125,606
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$1,322,359
Total income from all sources2013-12-31$995,482
Expenses. Total of all expenses incurred2013-12-31$1,490,072
Benefits paid (including direct rollovers)2013-12-31$1,489,624
Total plan assets at end of year2013-12-31$5,037,634
Total plan assets at beginning of year2013-12-31$4,209,865
Value of fidelity bond covering the plan2013-12-31$400,000
Total contributions received or receivable from participants2013-12-31$240,546
Expenses. Other expenses not covered elsewhere2013-12-31$448
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$629,547
Net income (gross income less expenses)2013-12-31$-494,590
Net plan assets at end of year (total assets less liabilities)2013-12-31$5,037,634
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$4,209,865
Assets. Value of participant loans2013-12-31$74,075
Total contributions received or receivable from employer(s)2013-12-31$125,389
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Funding deficiency by the employer to the plan for this plan year2013-12-31$0
Minimum employer required contribution for this plan year2013-12-31$0
Amount contributed by the employer to the plan for this plan year2013-12-31$0
2012 : FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$16
Total income from all sources2012-12-31$742,455
Expenses. Total of all expenses incurred2012-12-31$41,282
Benefits paid (including direct rollovers)2012-12-31$40,963
Total plan assets at end of year2012-12-31$4,209,865
Total plan assets at beginning of year2012-12-31$3,508,676
Value of fidelity bond covering the plan2012-12-31$400,000
Total contributions received or receivable from participants2012-12-31$194,990
Expenses. Other expenses not covered elsewhere2012-12-31$319
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$445,157
Net income (gross income less expenses)2012-12-31$701,173
Net plan assets at end of year (total assets less liabilities)2012-12-31$4,209,865
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$3,508,676
Assets. Value of participant loans2012-12-31$56,619
Total contributions received or receivable from employer(s)2012-12-31$102,308
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2011 : FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$402
Total income from all sources2011-12-31$141,292
Expenses. Total of all expenses incurred2011-12-31$289,534
Benefits paid (including direct rollovers)2011-12-31$289,098
Total plan assets at end of year2011-12-31$3,508,640
Total plan assets at beginning of year2011-12-31$3,656,480
Value of fidelity bond covering the plan2011-12-31$400,000
Total contributions received or receivable from participants2011-12-31$188,040
Expenses. Other expenses not covered elsewhere2011-12-31$436
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-138,268
Net income (gross income less expenses)2011-12-31$-148,242
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,508,640
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,656,480
Assets. Value of participant loans2011-12-31$77,547
Total contributions received or receivable from employer(s)2011-12-31$91,520
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$645,459
Expenses. Total of all expenses incurred2010-12-31$30,312
Benefits paid (including direct rollovers)2010-12-31$30,000
Total plan assets at end of year2010-12-31$3,656,480
Total plan assets at beginning of year2010-12-31$3,041,333
Value of fidelity bond covering the plan2010-12-31$350,000
Total contributions received or receivable from participants2010-12-31$183,994
Expenses. Other expenses not covered elsewhere2010-12-31$312
Contributions received from other sources (not participants or employers)2010-12-31$1,312
Other income received2010-12-31$383,670
Net income (gross income less expenses)2010-12-31$615,147
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,656,480
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,041,333
Assets. Value of participant loans2010-12-31$45,678
Total contributions received or receivable from employer(s)2010-12-31$76,483
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN

2014: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2013: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2012: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2011: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: FRANK IMPLEMENT CO. EMPLOYEE PROFIT SHARING RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-711166
Policy instance 1
Insurance contract or identification numberGA-711166
Number of Individuals Covered50
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $20,592
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $20,592
Insurance broker organization code?3
Insurance broker nameSAGEPOINT FINANCIAL, INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-711166
Policy instance 1
Insurance contract or identification numberGA-711166
Number of Individuals Covered46
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $14,185
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-711166
Policy instance 1
Insurance contract or identification numberGA-711166
Number of Individuals Covered51
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $12,234
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $12,234
Insurance broker organization code?3
Insurance broker nameSPECTRUM CAPITAL INC

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