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HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameHAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

HAYMES BROTHERS, INC. 401(K) PROFIT SHARING 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.
  • 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

HAYMES BROTHERS INC has sponsored the creation of one or more 401k plans.

Company Name:HAYMES BROTHERS INC
Employer identification number (EIN):540903329
NAIC Classification:237310
NAIC Description:Highway, Street, and Bridge Construction

Additional information about HAYMES BROTHERS INC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0464902

More information about HAYMES BROTHERS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-11-01RAY MITCHELL

Plan Statistics for HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2009: HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-0167
Total number of active participants reported on line 7a of the Form 55002009-11-0158
Number of retired or separated participants receiving benefits2009-11-010
Number of other retired or separated participants entitled to future benefits2009-11-013
Total of all active and inactive participants2009-11-0161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-11-010
Total participants2009-11-0161
Number of participants with account balances2009-11-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-11-010

Financial Data on HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan2010-10-31$0
Total income from all sources2010-10-31$106,667
Expenses. Total of all expenses incurred2010-10-31$112,992
Benefits paid (including direct rollovers)2010-10-31$112,992
Total plan assets at end of year2010-10-31$572,073
Total plan assets at beginning of year2010-10-31$578,398
Value of fidelity bond covering the plan2010-10-31$100,000
Total contributions received or receivable from participants2010-10-31$40,043
Expenses. Other expenses not covered elsewhere2010-10-31$0
Contributions received from other sources (not participants or employers)2010-10-31$0
Other income received2010-10-31$58,049
Net income (gross income less expenses)2010-10-31$-6,325
Net plan assets at end of year (total assets less liabilities)2010-10-31$572,073
Net plan assets at beginning of year (total assets less liabilities)2010-10-31$578,398
Assets. Value of participant loans2010-10-31$0
Total contributions received or receivable from employer(s)2010-10-31$8,575
Value of certain deemed distributions of participant loans2010-10-31$0
Value of corrective distributions2010-10-31$0
Funding deficiency by the employer to the plan for this plan year2010-10-31$0
Minimum employer required contribution for this plan year2010-10-31$0
Amount contributed by the employer to the plan for this plan year2010-10-31$0

Form 5500 Responses for HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN

2009: HAYMES BROTHERS, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-11-01Type of plan entitySingle employer plan
2009-11-01Submission has been amendedYes
2009-11-01This submission is the final filingNo
2009-11-01This return/report is a short plan year return/report (less than 12 months)No
2009-11-01Plan is a collectively bargained planNo
2009-11-01Plan funding arrangement – InsuranceYes
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement – InsuranceYes

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