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BOWERS FIBERS, INC. 401(K) PLAN 401k Plan overview

Plan NameBOWERS FIBERS, INC. 401(K) PLAN
Plan identification number 001

BOWERS FIBERS, INC. 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

BOWERS FIBERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:BOWERS FIBERS, INC.
Employer identification number (EIN):560483222
NAIC Classification:314000
NAIC Description: Textile Product Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BOWERS FIBERS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01JOHN BRAXTON2021-06-01
0012019-01-01JOHN BRAXTON2020-04-16
0012018-01-01JOHN BRAXTON2019-04-15
0012017-01-01JOHN BRAXTON2018-04-27
0012016-01-01JOHN BRAXTON
0012015-01-01JOHN BRAXTON
0012014-01-01JOHN BRAXTON
0012013-01-01JOHN BRAXTON
0012012-01-01JOHN BRAXTON JOHN BRAXTON2013-04-25
0012011-01-01JOHN BRAXTON
0012010-01-01JOHN BRAXTON
0012009-01-01JOHN BRAXTON

Plan Statistics for BOWERS FIBERS, INC. 401(K) PLAN

401k plan membership statisitcs for BOWERS FIBERS, INC. 401(K) PLAN

Measure Date Value
2016: BOWERS FIBERS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0143
Total number of active participants reported on line 7a of the Form 55002016-01-0135
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-013
Total of all active and inactive participants2016-01-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0138
Number of participants with account balances2016-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: BOWERS FIBERS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0143
Total number of active participants reported on line 7a of the Form 55002015-01-0140
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-013
Total of all active and inactive participants2015-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0143
Number of participants with account balances2015-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: BOWERS FIBERS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0140
Total number of active participants reported on line 7a of the Form 55002014-01-0139
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0143
Number of participants with account balances2014-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BOWERS FIBERS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0143
Total number of active participants reported on line 7a of the Form 55002013-01-0136
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-013
Total of all active and inactive participants2013-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0140
Number of participants with account balances2013-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: BOWERS FIBERS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0128
Total number of active participants reported on line 7a of the Form 55002012-01-0139
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-012
Total of all active and inactive participants2012-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0143
Number of participants with account balances2012-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BOWERS FIBERS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0136
Total number of active participants reported on line 7a of the Form 55002011-01-0124
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-013
Total of all active and inactive participants2011-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0128
Number of participants with account balances2011-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: BOWERS FIBERS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0138
Total number of active participants reported on line 7a of the Form 55002010-01-0130
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-014
Total of all active and inactive participants2010-01-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-0136
Number of participants with account balances2010-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: BOWERS FIBERS, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0142
Total number of active participants reported on line 7a of the Form 55002009-01-0130
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-016
Total of all active and inactive participants2009-01-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-0138
Number of participants with account balances2009-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on BOWERS FIBERS, INC. 401(K) PLAN

Measure Date Value
2016 : BOWERS FIBERS, INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$111,425
Expenses. Total of all expenses incurred2016-12-31$448,653
Benefits paid (including direct rollovers)2016-12-31$448,653
Total plan assets at end of year2016-12-31$2,670,746
Total plan assets at beginning of year2016-12-31$3,007,974
Value of fidelity bond covering the plan2016-12-31$1,000,000
Total contributions received or receivable from participants2016-12-31$18,948
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$92,477
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-337,228
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,670,746
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,007,974
Assets. Value of participant loans2016-12-31$77,538
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015 : BOWERS FIBERS, INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$24,662
Expenses. Total of all expenses incurred2015-12-31$170,323
Benefits paid (including direct rollovers)2015-12-31$170,048
Total plan assets at end of year2015-12-31$3,007,974
Total plan assets at beginning of year2015-12-31$3,153,635
Value of fidelity bond covering the plan2015-12-31$1,000,000
Total contributions received or receivable from participants2015-12-31$30,764
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-6,102
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-145,661
Net plan assets at end of year (total assets less liabilities)2015-12-31$3,007,974
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$3,153,635
Assets. Value of participant loans2015-12-31$107,103
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$275
2014 : BOWERS FIBERS, INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$113,034
Expenses. Total of all expenses incurred2014-12-31$106,277
Benefits paid (including direct rollovers)2014-12-31$106,002
Total plan assets at end of year2014-12-31$3,153,635
Total plan assets at beginning of year2014-12-31$3,146,878
Value of fidelity bond covering the plan2014-12-31$1,000,000
Total contributions received or receivable from participants2014-12-31$33,114
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$79,920
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$6,757
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,153,635
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,146,878
Assets. Value of participant loans2014-12-31$98,673
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$275
2013 : BOWERS FIBERS, INC. 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$172,031
Expenses. Total of all expenses incurred2013-12-31$295,123
Benefits paid (including direct rollovers)2013-12-31$294,723
Total plan assets at end of year2013-12-31$3,146,878
Total plan assets at beginning of year2013-12-31$3,269,970
Value of fidelity bond covering the plan2013-12-31$1,000,000
Total contributions received or receivable from participants2013-12-31$33,331
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$138,700
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$-123,092
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,146,878
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$3,269,970
Assets. Value of participant loans2013-12-31$51,799
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$400
2012 : BOWERS FIBERS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$271,344
Expenses. Total of all expenses incurred2012-12-31$873,961
Benefits paid (including direct rollovers)2012-12-31$873,336
Total plan assets at end of year2012-12-31$3,269,970
Total plan assets at beginning of year2012-12-31$3,872,587
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$34,236
Other income received2012-12-31$237,108
Net income (gross income less expenses)2012-12-31$-602,617
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,269,970
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$3,872,587
Assets. Value of participant loans2012-12-31$53,784
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$625
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : BOWERS FIBERS, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$56,451
Expenses. Total of all expenses incurred2011-12-31$69,834
Benefits paid (including direct rollovers)2011-12-31$69,809
Total plan assets at end of year2011-12-31$3,872,587
Total plan assets at beginning of year2011-12-31$3,885,970
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$32,276
Other income received2011-12-31$24,175
Net income (gross income less expenses)2011-12-31$-13,383
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,872,587
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,885,970
Assets. Value of participant loans2011-12-31$51,224
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$25
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : BOWERS FIBERS, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$323,474
Expenses. Total of all expenses incurred2010-12-31$151,990
Benefits paid (including direct rollovers)2010-12-31$151,490
Total plan assets at end of year2010-12-31$3,885,970
Total plan assets at beginning of year2010-12-31$3,714,486
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$31,766
Other income received2010-12-31$291,708
Net income (gross income less expenses)2010-12-31$171,484
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,885,970
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,714,486
Assets. Value of participant loans2010-12-31$66,146
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : BOWERS FIBERS, INC. 401(K) 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 BOWERS FIBERS, INC. 401(K) PLAN

2016: BOWERS FIBERS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BOWERS FIBERS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BOWERS FIBERS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BOWERS FIBERS, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BOWERS FIBERS, INC. 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 filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BOWERS FIBERS, INC. 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BOWERS FIBERS, INC. 401(K) 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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BOWERS FIBERS, INC. 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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