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OGB COMPANIES 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameOGB COMPANIES 401K PROFIT SHARING PLAN
Plan identification number 001

OGB COMPANIES 401K 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:PITT PLASTICS, INC.
Employer identification number (EIN):480782135
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OGB COMPANIES 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01RANDY PICCINI
0012010-01-01RANDY PICCINI
0012009-01-01RANDY PICCINI RANDY PICCINI2010-09-16

Plan Statistics for OGB COMPANIES 401K PROFIT SHARING PLAN

401k plan membership statisitcs for OGB COMPANIES 401K PROFIT SHARING PLAN

Measure Date Value
2011: OGB COMPANIES 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01607
Total number of active participants reported on line 7a of the Form 55002011-01-01425
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0154
Total of all active and inactive participants2011-01-01479
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01479
Number of participants with account balances2011-01-01256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0133
2010: OGB COMPANIES 401K PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01604
Total number of active participants reported on line 7a of the Form 55002010-01-01440
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0144
Total of all active and inactive participants2010-01-01484
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01484
Number of participants with account balances2010-01-01278
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0119
2009: OGB COMPANIES 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01574
Total number of active participants reported on line 7a of the Form 55002009-01-01430
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01111
Total of all active and inactive participants2009-01-01541
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01541
Number of participants with account balances2009-01-01298
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-01104

Financial Data on OGB COMPANIES 401K PROFIT SHARING PLAN

Measure Date Value
2011 : OGB COMPANIES 401K PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$675,599
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$893,057
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$881,736
Value of total corrective distributions2011-12-31$5,428
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$855,303
Value of total assets at end of year2011-12-31$4,929,848
Value of total assets at beginning of year2011-12-31$5,147,306
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$5,893
Total interest from all sources2011-12-31$16,208
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$4,000
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$526,450
Participant contributions at end of year2011-12-31$316,074
Participant contributions at beginning of year2011-12-31$231,921
Participant contributions at end of year2011-12-31$1,357
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$147,361
Administrative expenses (other) incurred2011-12-31$1,893
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-217,458
Value of net assets at end of year (total assets less liabilities)2011-12-31$4,929,848
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,147,306
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,460,269
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$4,766,171
Interest on participant loans2011-12-31$15,226
Interest earned on other investments2011-12-31$982
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$151,480
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$149,214
Net investment gain/loss from pooled separate accounts2011-12-31$-195,912
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$181,492
Employer contributions (assets) at end of year2011-12-31$668
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$881,736
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31DIEHL BANWART BOLTON CPAS PA
Accountancy firm EIN2011-12-31203844413
2010 : OGB COMPANIES 401K 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$1,246,957
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$815,774
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$797,115
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$733,567
Value of total assets at end of year2010-12-31$5,147,306
Value of total assets at beginning of year2010-12-31$4,716,123
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$18,659
Total interest from all sources2010-12-31$34,240
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
Administrative expenses professional fees incurred2010-12-31$1,800
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
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$556,582
Participant contributions at end of year2010-12-31$231,921
Participant contributions at beginning of year2010-12-31$245,717
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$1,085
Administrative expenses (other) incurred2010-12-31$16,859
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$431,183
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,147,306
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$4,716,123
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 registered invesment companies (eg mutual funds) at end of year2010-12-31$4,766,171
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$4,326,925
Interest on participant loans2010-12-31$14,411
Interest earned on other investments2010-12-31$19,829
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$149,214
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$143,481
Net investment gain/loss from pooled separate accounts2010-12-31$479,150
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 contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$175,900
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$797,115
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
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 name2010-12-31DIEHL BANWART BOLTON CPAS PA
Accountancy firm EIN2010-12-31203844413

Form 5500 Responses for OGB COMPANIES 401K PROFIT SHARING PLAN

2011: OGB COMPANIES 401K PROFIT SHARING 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
2011-01-01Plan benefit arrangement - TrustYes
2010: OGB COMPANIES 401K 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
2009: OGB COMPANIES 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
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
2009-01-01Plan benefit arrangement - TrustYes

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