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PIEDMONT AIRLINES INC. 401K SAVINGS PLAN 401k Plan overview

Plan NamePIEDMONT AIRLINES INC. 401K SAVINGS PLAN
Plan identification number 001

PIEDMONT AIRLINES INC. 401K SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

PIEDMONT AIRLINES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PIEDMONT AIRLINES, INC.
Employer identification number (EIN):520970090
NAIC Classification:481000
NAIC Description: Air Transportation

Additional information about PIEDMONT AIRLINES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1984-01-06
Company Identification Number: G77914
Legal Registered Office Address: 328 MINORCA AVENUE

CORAL GABLES

33134

More information about PIEDMONT AIRLINES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PIEDMONT AIRLINES INC. 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01TERRY J. PETRUN
0012009-01-01TERRY J. PETRUN

Plan Statistics for PIEDMONT AIRLINES INC. 401K SAVINGS PLAN

401k plan membership statisitcs for PIEDMONT AIRLINES INC. 401K SAVINGS PLAN

Measure Date Value
2010: PIEDMONT AIRLINES INC. 401K SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-015,732
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-010
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PIEDMONT AIRLINES INC. 401K SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-015,984
Total number of active participants reported on line 7a of the Form 55002009-01-014,472
Number of retired or separated participants receiving benefits2009-01-0118
Number of other retired or separated participants entitled to future benefits2009-01-011,242
Total of all active and inactive participants2009-01-015,732
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-015,732
Number of participants with account balances2009-01-014,858
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-01198

Financial Data on PIEDMONT AIRLINES INC. 401K SAVINGS PLAN

Measure Date Value
2010 : PIEDMONT AIRLINES INC. 401K SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets from this plan2010-12-31$32,806,962
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$5,834,240
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,007,322
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,927,768
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,147,933
Value of total assets at end of year2010-12-31$0
Value of total assets at beginning of year2010-12-31$28,980,044
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$79,554
Total interest from all sources2010-12-31$95,439
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$303,831
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$303,831
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 period2010-12-31No
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$2,124,762
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$1,479,542
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$109,459
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$132,927
Administrative expenses (other) incurred2010-12-31$79,554
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$3,826,918
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$28,980,044
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$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$21,093,111
Interest on participant loans2010-12-31$94,755
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$6,231,817
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$6,231,817
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$684
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$2,287,037
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 contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$890,244
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$66,115
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,927,768
Did the plan have assets held for investment2010-12-31No
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 PBGC2010-12-31Yes
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 name2010-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2010-12-31431947695
2009 : PIEDMONT AIRLINES INC. 401K SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PIEDMONT AIRLINES INC. 401K SAVINGS PLAN

2010: PIEDMONT AIRLINES INC. 401K SAVINGS 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 filingYes
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 – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PIEDMONT AIRLINES INC. 401K SAVINGS 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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