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VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 401k Plan overview

Plan NameVT GRIFFIN SERVICES KINGS BAY 401(K) PLAN
Plan identification number 002

VT GRIFFIN SERVICES KINGS BAY 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VT GROUP has sponsored the creation of one or more 401k plans.

Company Name:VT GROUP
Employer identification number (EIN):581470581
NAIC Classification:561900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01WILLIAM R. WILLETS WILLIAM R. WILLETS2013-10-11
0022011-01-01WILLIAM R. WILLETS WILLIAM R. WILLETS2012-10-12
0022009-01-01WILLIAM R. WILLETS WILLIAM R. WILLETS2010-10-15
0022008-01-01WILLIAM WILLETS
0022007-01-01WILLIAM WILLETS

Plan Statistics for VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN

401k plan membership statisitcs for VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN

Measure Date Value
2012: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-015
Total number of active participants reported on line 7a of the Form 55002012-01-014
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 participants2012-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-014
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: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01336
Total number of active participants reported on line 7a of the Form 55002011-01-015
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-015
Number of participants with account balances2011-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0153
2009: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01352
Total number of active participants reported on line 7a of the Form 55002009-01-01301
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-01306
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01306
Number of participants with account balances2009-01-01304
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010
2008: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-01342
Total number of active participants reported on line 7a of the Form 55002008-01-01373
Number of other retired or separated participants entitled to future benefits2008-01-013
Total of all active and inactive participants2008-01-01376
Total participants2008-01-01376
Number of participants with account balances2008-01-01297
2007: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-01352
Total number of active participants reported on line 7a of the Form 55002007-01-01324
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-012
Total of all active and inactive participants2007-01-01326
Total participants2007-01-01326
Number of participants with account balances2007-01-01288

Financial Data on VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN

Measure Date Value
2012 : VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,962
Expenses. Total of all expenses incurred2012-12-31$11,774
Benefits paid (including direct rollovers)2012-12-31$11,694
Total plan assets at end of year2012-12-31$54,897
Total plan assets at beginning of year2012-12-31$64,709
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$-161
Expenses. Other expenses not covered elsewhere2012-12-31$40
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$2,010
Net income (gross income less expenses)2012-12-31$-9,812
Net plan assets at end of year (total assets less liabilities)2012-12-31$54,897
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$64,709
Assets. Value of participant loans2012-12-31$24,193
Total contributions received or receivable from employer(s)2012-12-31$113
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$40
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$8,491
Total transfer of assets from this plan2011-12-31$-8,144,742
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$11,695
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,253,437
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$2,583,110
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,566,569
Expenses. Certain deemed distributions of participant loans2011-12-31$5,200
Value of total corrective distributions2011-12-31$3,609
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,399,526
Value of total assets at end of year2011-12-31$37,560
Value of total assets at beginning of year2011-12-31$9,491,789
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$7,732
Total interest from all sources2011-12-31$117,225
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$190,925
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$190,925
Administrative expenses professional fees incurred2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
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$855,130
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$593,920
Participant contributions at beginning of year2011-12-31$33,217
Assets. Other investments not covered elsewhere at end of year2011-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$2,250
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$11,695
Other income not declared elsewhere2011-12-31$0
Administrative expenses (other) incurred2011-12-31$20
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,329,673
Value of net assets at end of year (total assets less liabilities)2011-12-31$25,865
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$9,491,789
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
Investment advisory and management fees2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$3,117
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$6,613,340
Value of interest in pooled separate accounts at end of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$0
Interest on participant loans2011-12-31$25,562
Interest earned on other investments2011-12-31$91,663
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$34,443
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$2,229,500
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-454,239
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
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
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Contributions received in cash from employer2011-12-31$542,146
Employer contributions (assets) at beginning of year2011-12-31$21,812
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,566,569
Contract administrator fees2011-12-31$7,712
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 name2011-12-31LONG AND ASSOCIATES, LLC
Accountancy firm EIN2011-12-31481273859
2010 : VT GRIFFIN SERVICES KINGS BAY 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$0
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$2,414,207
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$350,202
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$312,935
Expenses. Certain deemed distributions of participant loans2010-12-31$29,232
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,432,912
Value of total assets at end of year2010-12-31$9,491,789
Value of total assets at beginning of year2010-12-31$7,427,784
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$8,035
Total interest from all sources2010-12-31$107,866
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$93,420
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$93,420
Administrative expenses professional fees incurred2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$3,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$855,899
Participant contributions at end of year2010-12-31$593,920
Participant contributions at beginning of year2010-12-31$562,691
Participant contributions at end of year2010-12-31$33,217
Participant contributions at beginning of year2010-12-31$31,948
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$10,352
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Administrative expenses (other) incurred2010-12-31$40
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$2,064,005
Value of net assets at end of year (total assets less liabilities)2010-12-31$9,491,789
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,427,784
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
Investment advisory and management fees2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$6,613,340
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,700,206
Value of interest in pooled separate accounts at beginning of year2010-12-31$156,443
Interest on participant loans2010-12-31$31,907
Interest earned on other investments2010-12-31$75,959
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$2,229,500
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,954,960
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$780,009
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 contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$566,661
Employer contributions (assets) at end of year2010-12-31$21,812
Employer contributions (assets) at beginning of year2010-12-31$21,536
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$312,935
Contract administrator fees2010-12-31$7,995
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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 name2010-12-31LONG & ASSOCIATES LLC
Accountancy firm EIN2010-12-31481273859
2009 : VT GRIFFIN SERVICES KINGS BAY 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 VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN

2012: VT GRIFFIN SERVICES KINGS BAY 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 is a collectively bargained planYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: VT GRIFFIN SERVICES KINGS BAY 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 planYes
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: VT GRIFFIN SERVICES KINGS BAY 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes
2008: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedYes
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planYes
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes
2008-01-01Plan benefit arrangement - TrustYes
2007: VT GRIFFIN SERVICES KINGS BAY 401(K) PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedYes
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planYes
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement – InsuranceYes
2007-01-01Plan benefit arrangement - TrustYes

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