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L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameL-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN
Plan identification number 001

L-3 CHESAPEAKE SCIENCES 401(K) 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.
  • 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

L-3 CHESAPEAKE SCIENCES CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:L-3 CHESAPEAKE SCIENCES CORPORATION
Employer identification number (EIN):521737390
NAIC Classification:812990
NAIC Description:All Other Personal Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01PAT HEMPHILL
0012009-01-01PAT HEMPHILL

Plan Statistics for L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN

Measure Date Value
2010: L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01169
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: L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01153
Total number of active participants reported on line 7a of the Form 55002009-01-01143
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0126
Total of all active and inactive participants2009-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01169
Number of participants with account balances2009-01-01169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total transfer of assets from this plan2010-11-18$12,823,871
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-11-18$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-11-18$1,006
Total income from all sources (including contributions)2010-11-18$2,008,878
Total of all expenses incurred2010-11-18$187,277
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-11-18$187,277
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-11-18$825,613
Value of total assets at end of year2010-11-18$0
Value of total assets at beginning of year2010-11-18$11,003,276
Total interest from all sources2010-11-18$5,885
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-11-18No
Was this plan covered by a fidelity bond2010-11-18Yes
Value of fidelity bond cover2010-11-18$20,000,000
If this is an individual account plan, was there a blackout period2010-11-18No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-11-18$0
Were there any nonexempt tranactions with any party-in-interest2010-11-18No
Contributions received from participants2010-11-18$825,613
Participant contributions at end of year2010-11-18$0
Participant contributions at beginning of year2010-11-18$96,732
Participant contributions at end of year2010-11-18$0
Participant contributions at beginning of year2010-11-18$6,906
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-11-18$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-11-18$1,006
Other income not declared elsewhere2010-11-18$21,982
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-11-18No
Value of net income/loss2010-11-18$1,821,601
Value of net assets at end of year (total assets less liabilities)2010-11-18$0
Value of net assets at beginning of year (total assets less liabilities)2010-11-18$11,002,270
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-11-18No
Were any loans by the plan or fixed income obligations due to the plan in default2010-11-18No
Were any leases to which the plan was party in default or uncollectible2010-11-18No
Value of interest in pooled separate accounts at end of year2010-11-18$0
Value of interest in pooled separate accounts at beginning of year2010-11-18$9,745,593
Interest on participant loans2010-11-18$5,885
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-11-18$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-11-18$726,807
Net investment gain/loss from pooled separate accounts2010-11-18$1,155,398
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-11-18No
Was there a failure to transmit to the plan any participant contributions2010-11-18No
Has the plan failed to provide any benefit when due under the plan2010-11-18No
Employer contributions (assets) at end of year2010-11-18$0
Employer contributions (assets) at beginning of year2010-11-18$427,238
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-11-18$187,277
Did the plan have assets held for investment2010-11-18No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-11-18No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-11-18Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-11-18Yes
Opinion of an independent qualified public accountant for this plan2010-11-18Disclaimer
Accountancy firm name2010-11-18PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2010-11-18134008324
2009 : L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING 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 L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING PLAN

2010: L-3 CHESAPEAKE SCIENCES 401(K) 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 filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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 - TrustYes
2009: L-3 CHESAPEAKE SCIENCES 401(K) PROFIT SHARING 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 - TrustYes

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