401k Plan data: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN plan

ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 401k Plan overview

Plan Name	ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN
Plan identification number	001

ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

ASHEBORO ELASTICS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: ASHEBORO ELASTICS CORPORATION

Employer identification number (EIN): 561503050

NAIC Classification: 313000
NAIC Description: Textile Mills

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01 JOHN TEAGUE
001 2013-01-01 WILLIAM INABNIT
001 2012-01-01 WILLIAM INABNIT
001 2011-01-01 ROBERT LAWSON
001 2009-01-01 LARRY HIMES

Plan id#	Filing Submission Date	Name of Administrator
001	2014-01-01	JOHN TEAGUE
001	2013-01-01	WILLIAM INABNIT
001	2012-01-01	WILLIAM INABNIT
001	2011-01-01	ROBERT LAWSON
001	2009-01-01	LARRY HIMES

Plan Statistics for ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN

401k plan membership statisitcs for ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN

Measure Date Value
2014: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 165
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 187
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 151
Number of other retired or separated participants entitled to future benefits 2013-01-01 14
Total of all active and inactive participants 2013-01-01 165
Total participants 2013-01-01 165
Number of participants with account balances 2013-01-01 116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 2
2012: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 163
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 168
Number of other retired or separated participants entitled to future benefits 2012-01-01 17
Total of all active and inactive participants 2012-01-01 185
Total participants 2012-01-01 185
Number of participants with account balances 2012-01-01 127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 149
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 138
Number of other retired or separated participants entitled to future benefits 2011-01-01 22
Total of all active and inactive participants 2011-01-01 160
Total participants 2011-01-01 160
Number of participants with account balances 2011-01-01 114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2
2009: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 149
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 132
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 17
Total of all active and inactive participants 2009-01-01 149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 149
Number of participants with account balances 2009-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 8

Measure	Date	Value
2014: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	165
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	187
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	151
Number of other retired or separated participants entitled to future benefits	2013-01-01	14
Total of all active and inactive participants	2013-01-01	165
Total participants	2013-01-01	165
Number of participants with account balances	2013-01-01	116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	2
2012: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	163
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	168
Number of other retired or separated participants entitled to future benefits	2012-01-01	17
Total of all active and inactive participants	2012-01-01	185
Total participants	2012-01-01	185
Number of participants with account balances	2012-01-01	127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	149
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	138
Number of other retired or separated participants entitled to future benefits	2011-01-01	22
Total of all active and inactive participants	2011-01-01	160
Total participants	2011-01-01	160
Number of participants with account balances	2011-01-01	114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2
2009: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	149
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	132
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	17
Total of all active and inactive participants	2009-01-01	149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	149
Number of participants with account balances	2009-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	8

Financial Data on ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN

Measure	Date	Value
2014 : ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2014 401k financial data
Total transfer of assets from this plan	2014-12-31	$3,807,451
Total income from all sources (including contributions)	2014-12-31	$512,618
Total of all expenses incurred	2014-12-31	$797,700
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$789,564
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$316,610
Value of total assets at end of year	2014-12-31	$0
Value of total assets at beginning of year	2014-12-31	$4,092,533
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$8,136
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$160,144
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$160,144
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$475,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$216,844
Participant contributions at beginning of year	2014-12-31	$578
Administrative expenses (other) incurred	2014-12-31	$2
Total non interest bearing cash at end of year	2014-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$-285,082
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$4,092,533
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$2,847,699
Value of interest in common/collective trusts at end of year	2014-12-31	$0
Value of interest in common/collective trusts at beginning of year	2014-12-31	$1,243,986
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$1
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$35,864
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$99,766
Employer contributions (assets) at beginning of year	2014-12-31	$269
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$789,564
Contract administrator fees	2014-12-31	$8,134
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	SMITH LEONARD PLLC
Accountancy firm EIN	2014-12-31	205907591
2013 : ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2013 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$85
Total income from all sources (including contributions)	2013-12-31	$867,642
Total of all expenses incurred	2013-12-31	$682,784
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$676,772
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$319,580
Value of total assets at end of year	2013-12-31	$4,092,533
Value of total assets at beginning of year	2013-12-31	$3,907,760
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$6,012
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$105,962
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$105,962
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$450,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$220,920
Participant contributions at end of year	2013-12-31	$578
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$1
Administrative expenses (other) incurred	2013-12-31	$4
Liabilities. Value of operating payables at beginning of year	2013-12-31	$84
Total non interest bearing cash at beginning of year	2013-12-31	$930
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$184,858
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$4,092,533
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$3,907,675
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$2,847,699
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$2,506,153
Value of interest in common/collective trusts at end of year	2013-12-31	$1,243,986
Value of interest in common/collective trusts at beginning of year	2013-12-31	$1,400,677
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$442,100
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$98,660
Employer contributions (assets) at end of year	2013-12-31	$269
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$676,772
Contract administrator fees	2013-12-31	$6,008
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	SMITH LEONARD PLLC
Accountancy firm EIN	2013-12-31	205907591
2012 : ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$85
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$8
Total income from all sources (including contributions)	2012-12-31	$583,840
Total of all expenses incurred	2012-12-31	$251,632
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$242,751
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$304,539
Value of total assets at end of year	2012-12-31	$3,907,760
Value of total assets at beginning of year	2012-12-31	$3,575,475
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$8,881
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$95,585
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$95,585
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$450,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$213,476
Participant contributions at beginning of year	2012-12-31	$13,381
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2012-12-31	$1
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2012-12-31	$8
Administrative expenses (other) incurred	2012-12-31	$1
Liabilities. Value of operating payables at end of year	2012-12-31	$84
Total non interest bearing cash at end of year	2012-12-31	$930
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$332,208
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$3,907,675
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$3,575,467
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$4,445
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$2,506,153
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$3,551,474
Value of interest in common/collective trusts at end of year	2012-12-31	$1,400,677
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$4,960
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$4,960
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$183,716
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$91,063
Employer contributions (assets) at beginning of year	2012-12-31	$5,660
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$242,751
Contract administrator fees	2012-12-31	$4,435
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	SMITH LEONARD PLLC
Accountancy firm EIN	2012-12-31	205907591
2011 : ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$8
Total income from all sources (including contributions)	2011-12-31	$263,589
Total of all expenses incurred	2011-12-31	$957,246
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$934,884
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$291,951
Value of total assets at end of year	2011-12-31	$3,575,475
Value of total assets at beginning of year	2011-12-31	$4,269,124
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$22,362
Total interest from all sources	2011-12-31	$1
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$76,928
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$76,928
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$1,700,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$199,079
Participant contributions at end of year	2011-12-31	$13,381
Participant contributions at beginning of year	2011-12-31	$8,710
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$5,981
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2011-12-31	$8
Administrative expenses (other) incurred	2011-12-31	$2,647
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-693,657
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$3,575,467
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$4,269,124
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$19,715
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$3,551,474
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$4,253,419
Value of interest in common/collective trusts at beginning of year	2011-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$4,960
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$3,989
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$3,989
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-105,291
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$86,891
Employer contributions (assets) at end of year	2011-12-31	$5,660
Employer contributions (assets) at beginning of year	2011-12-31	$3,006
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$934,884
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	SMITH LEONARD PLLC
Accountancy firm EIN	2011-12-31	205907591
2010 : ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
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	$15
Total income from all sources (including contributions)	2010-12-31	$714,522
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$155,420
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$136,508
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$338,748
Value of total assets at end of year	2010-12-31	$4,269,124
Value of total assets at beginning of year	2010-12-31	$3,710,037
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$18,912
Total interest from all sources	2010-12-31	$2
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$69,159
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$69,159
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$1,700,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$242,910
Participant contributions at end of year	2010-12-31	$8,710
Participant contributions at beginning of year	2010-12-31	$15,420
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$15
Other income not declared elsewhere	2010-12-31	$85
Administrative expenses (other) incurred	2010-12-31	$3,294
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$559,102
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,269,124
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$3,710,022
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$15,618
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$4,253,419
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$2,478,580
Value of interest in common/collective trusts at end of year	2010-12-31	$0
Value of interest in common/collective trusts at beginning of year	2010-12-31	$1,189,472
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$3,989
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$20,368
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$20,368
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$311,860
Net investment gain or loss from common/collective trusts	2010-12-31	$-5,332
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$95,838
Employer contributions (assets) at end of year	2010-12-31	$3,006
Employer contributions (assets) at beginning of year	2010-12-31	$6,197
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$136,508
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	CHERRY BEKAERT & HOLLAND, LLP
Accountancy firm EIN	2010-12-31	560574444
2009 : ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN

2014: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	This submission is the final filing	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: ASHEBORO ELASTICS CORPORATION EMPLOYEES' 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	ASHEBORO ELASTICS CORPORATION
Employer identification number (EIN):	561503050
NAIC Classification:	313000
NAIC Description:	Textile Mills