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THE INDUSCO GROUP 401(K) PLAN 401k Plan overview

Plan NameTHE INDUSCO GROUP 401(K) PLAN
Plan identification number 005

THE INDUSCO GROUP 401(K) 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

THE INDUSCO GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE INDUSCO GROUP, INC.
Employer identification number (EIN):522147815
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE INDUSCO GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052012-01-01KATHLEEN FAY
0052011-01-01STEPHANIE MILLER
0052009-01-01SYLVIA LIU LINCOLN
0052009-01-01SYLVIA LIU LINCOLN

Plan Statistics for THE INDUSCO GROUP 401(K) PLAN

401k plan membership statisitcs for THE INDUSCO GROUP 401(K) PLAN

Measure Date Value
2012: THE INDUSCO GROUP 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01162
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: THE INDUSCO GROUP 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01173
Total number of active participants reported on line 7a of the Form 55002011-01-01145
Number of retired or separated participants receiving benefits2011-01-013
Number of other retired or separated participants entitled to future benefits2011-01-0114
Total of all active and inactive participants2011-01-01162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01162
Number of participants with account balances2011-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: THE INDUSCO GROUP 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01154
Total number of active participants reported on line 7a of the Form 55002009-01-01147
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01156
Number of participants with account balances2009-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE INDUSCO GROUP 401(K) PLAN

Measure Date Value
2012 : THE INDUSCO GROUP 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-08-31$0
Total transfer of assets from this plan2012-08-31$6,498,632
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-08-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-08-31$5,602
Total income from all sources (including contributions)2012-08-31$188,519
Total loss/gain on sale of assets2012-08-31$0
Total of all expenses incurred2012-08-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-08-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-08-31$584
Value of total assets at end of year2012-08-31$0
Value of total assets at beginning of year2012-08-31$6,315,715
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-08-31$0
Total interest from all sources2012-08-31$586
Total dividends received (eg from common stock, registered investment company shares)2012-08-31$1,372
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-08-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-08-31$1,372
Was this plan covered by a fidelity bond2012-08-31Yes
Value of fidelity bond cover2012-08-31$500,000
If this is an individual account plan, was there a blackout period2012-08-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-08-31$0
Were there any nonexempt tranactions with any party-in-interest2012-08-31No
Contributions received from participants2012-08-31$0
Participant contributions at end of year2012-08-31$0
Participant contributions at beginning of year2012-08-31$114,691
Participant contributions at end of year2012-08-31$0
Participant contributions at beginning of year2012-08-31$32,732
Income. Received or receivable in cash from other sources (including rollovers)2012-08-31$584
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-08-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-08-31$0
Other income not declared elsewhere2012-08-31$1,554
Liabilities. Value of operating payables at end of year2012-08-31$0
Liabilities. Value of operating payables at beginning of year2012-08-31$5,602
Total non interest bearing cash at end of year2012-08-31$0
Total non interest bearing cash at beginning of year2012-08-31$153
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-08-31No
Value of net income/loss2012-08-31$188,519
Value of net assets at end of year (total assets less liabilities)2012-08-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-08-31$6,310,113
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-08-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-08-31No
Were any leases to which the plan was party in default or uncollectible2012-08-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-08-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-08-31$5,273,479
Interest on participant loans2012-08-31$586
Value of interest in common/collective trusts at end of year2012-08-31$0
Value of interest in common/collective trusts at beginning of year2012-08-31$858,513
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-08-31$180,691
Net investment gain or loss from common/collective trusts2012-08-31$3,732
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-08-31Yes
Was there a failure to transmit to the plan any participant contributions2012-08-31No
Has the plan failed to provide any benefit when due under the plan2012-08-31No
Contributions received in cash from employer2012-08-31$0
Employer contributions (assets) at end of year2012-08-31$0
Employer contributions (assets) at beginning of year2012-08-31$36,147
Liabilities. Value of benefit claims payable at end of year2012-08-31$0
Liabilities. Value of benefit claims payable at beginning of year2012-08-31$0
Did the plan have assets held for investment2012-08-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-08-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-08-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-08-31Yes
Opinion of an independent qualified public accountant for this plan2012-08-31Disclaimer
Accountancy firm name2012-08-31SKODA MINOTTI
Accountancy firm EIN2012-08-31341945206
2011 : THE INDUSCO GROUP 401(K) 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$5,602
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$11,282
Total income from all sources (including contributions)2011-12-31$566,300
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,081,818
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,057,318
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$737,336
Value of total assets at end of year2011-12-31$6,315,715
Value of total assets at beginning of year2011-12-31$6,836,913
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$24,500
Total interest from all sources2011-12-31$5,905
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$96,302
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$96,302
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 period2011-12-31No
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$483,189
Participant contributions at end of year2011-12-31$114,691
Participant contributions at beginning of year2011-12-31$99,366
Participant contributions at end of year2011-12-31$32,732
Participant contributions at beginning of year2011-12-31$41,012
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$4,853
Administrative expenses (other) incurred2011-12-31$24,500
Liabilities. Value of operating payables at end of year2011-12-31$5,602
Liabilities. Value of operating payables at beginning of year2011-12-31$10,341
Total non interest bearing cash at end of year2011-12-31$153
Total non interest bearing cash at beginning of year2011-12-31$23
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-515,518
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,310,113
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,825,631
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$5,273,479
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$5,982,893
Interest on participant loans2011-12-31$5,905
Value of interest in common/collective trusts at end of year2011-12-31$858,513
Value of interest in common/collective trusts at beginning of year2011-12-31$673,408
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-335,171
Net investment gain or loss from common/collective trusts2011-12-31$61,928
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$254,147
Employer contributions (assets) at end of year2011-12-31$36,147
Employer contributions (assets) at beginning of year2011-12-31$35,358
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,057,318
Liabilities. Value of benefit claims payable at end of year2011-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$941
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 name2011-12-31SKODA MINOTTI
Accountancy firm EIN2011-12-31341945206
2010 : THE INDUSCO GROUP 401(K) 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$11,282
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$1,445,785
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$457,524
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$447,033
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$703,657
Value of total assets at end of year2010-12-31$6,836,913
Value of total assets at beginning of year2010-12-31$5,837,370
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$10,491
Total interest from all sources2010-12-31$7,139
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$109,812
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
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
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$460,580
Participant contributions at end of year2010-12-31$99,366
Participant contributions at beginning of year2010-12-31$88,123
Participant contributions at end of year2010-12-31$41,012
Participant contributions at beginning of year2010-12-31$34,739
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$4,853
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$3,439
Other income not declared elsewhere2010-12-31$9,824
Liabilities. Value of operating payables at end of year2010-12-31$10,341
Total non interest bearing cash at end of year2010-12-31$23
Total non interest bearing cash at beginning of year2010-12-31$285
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$988,261
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,825,631
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,837,370
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$5,982,893
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,893,976
Interest on participant loans2010-12-31$7,139
Value of interest in common/collective trusts at end of year2010-12-31$673,408
Value of interest in common/collective trusts at beginning of year2010-12-31$784,235
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$592,171
Net investment gain or loss from common/collective trusts2010-12-31$23,182
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$243,077
Employer contributions (assets) at end of year2010-12-31$35,358
Employer contributions (assets) at beginning of year2010-12-31$32,573
Income. Dividends from common stock2010-12-31$109,812
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$447,033
Contract administrator fees2010-12-31$10,491
Liabilities. Value of benefit claims payable at end of year2010-12-31$941
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 name2010-12-31ROSEN SAPPERSTEIN AND FRIEDLANDER
Accountancy firm EIN2010-12-31521374503

Form 5500 Responses for THE INDUSCO GROUP 401(K) PLAN

2012: THE INDUSCO GROUP 401(K) 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 filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE INDUSCO GROUP 401(K) 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: THE INDUSCO GROUP 401(K) 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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