IBC GROUP INC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan IBC GROUP, INC. 401(K) PROFIT SHARING PLAN & TRUST
401k plan membership statisitcs for IBC GROUP, INC. 401(K) PROFIT SHARING PLAN & TRUST
Measure | Date | Value |
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2012 : IBC GROUP, INC. 401(K) PROFIT SHARING PLAN & TRUST 2012 401k financial data |
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Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-03-31 | $1,563 |
Total income from all sources (including contributions) | 2012-03-31 | $91,704 |
Total of all expenses incurred | 2012-03-31 | $1,404,986 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-03-31 | $1,393,822 |
Value of total corrective distributions | 2012-03-31 | $1,362 |
Value of total assets at end of year | 2012-03-31 | $0 |
Value of total assets at beginning of year | 2012-03-31 | $1,314,845 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-03-31 | $9,802 |
Total interest from all sources | 2012-03-31 | $415 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-03-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-03-31 | $0 |
Was this plan covered by a fidelity bond | 2012-03-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2012-03-31 | No |
Participant contributions at beginning of year | 2012-03-31 | $57,655 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-03-31 | $1,563 |
Total non interest bearing cash at end of year | 2012-03-31 | $0 |
Total non interest bearing cash at beginning of year | 2012-03-31 | $4,693 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-03-31 | No |
Value of net income/loss | 2012-03-31 | $-1,313,282 |
Value of net assets at end of year (total assets less liabilities) | 2012-03-31 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-03-31 | $1,313,282 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-03-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-03-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-03-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-03-31 | $1,252,497 |
Interest on participant loans | 2012-03-31 | $415 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-03-31 | $91,289 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-03-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-03-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-03-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-03-31 | $1,393,822 |
Contract administrator fees | 2012-03-31 | $9,802 |
Did the plan have assets held for investment | 2012-03-31 | No |
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 | 2012-03-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-03-31 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-03-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-03-31 | Disclaimer |
Accountancy firm name | 2012-03-31 | DAVIDSON, DOYLE & HILTON, LLP |
Accountancy firm EIN | 2012-03-31 | 541953476 |
2011 : IBC GROUP, INC. 401(K) PROFIT SHARING PLAN & TRUST 2011 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $1,563 |
Total income from all sources (including contributions) | 2011-12-31 | $263,466 |
Total of all expenses incurred | 2011-12-31 | $282,489 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $269,295 |
Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $670 |
Value of total corrective distributions | 2011-12-31 | $3,316 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $294,846 |
Value of total assets at end of year | 2011-12-31 | $1,314,845 |
Value of total assets at beginning of year | 2011-12-31 | $1,332,305 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $9,208 |
Total interest from all sources | 2011-12-31 | $2,870 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2011-12-31 | $0 |
Was this plan covered by a fidelity bond | 2011-12-31 | No |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $296,733 |
Participant contributions at end of year | 2011-12-31 | $57,655 |
Participant contributions at beginning of year | 2011-12-31 | $47,203 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $1,563 |
Total non interest bearing cash at end of year | 2011-12-31 | $4,693 |
Total non interest bearing cash at beginning of year | 2011-12-31 | $6,757 |
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 | $-19,023 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $1,313,282 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $1,332,305 |
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 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $1,252,497 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $1,213,988 |
Interest on participant loans | 2011-12-31 | $2,870 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-34,250 |
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 | $-1,887 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $64,357 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $269,295 |
Contract administrator fees | 2011-12-31 | $9,208 |
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 | DAVIDSON, DOYLE & HILTON, LLP |
Accountancy firm EIN | 2011-12-31 | 541953476 |
2010 : IBC GROUP, INC. 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data |
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Total income from all sources (including contributions) | 2010-12-31 | $476,875 |
Total of all expenses incurred | 2010-12-31 | $172,578 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $159,501 |
Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $4,034 |
Value of total corrective distributions | 2010-12-31 | $4,299 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $345,076 |
Value of total assets at end of year | 2010-12-31 | $1,332,305 |
Value of total assets at beginning of year | 2010-12-31 | $1,028,008 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $4,744 |
Total interest from all sources | 2010-12-31 | $2,601 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $135,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $270,479 |
Participant contributions at end of year | 2010-12-31 | $47,203 |
Participant contributions at beginning of year | 2010-12-31 | $43,528 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $10,299 |
Total non interest bearing cash at end of year | 2010-12-31 | $6,757 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $194 |
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 | $304,297 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $1,332,305 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $1,028,008 |
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 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $1,213,988 |
Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $938,860 |
Interest on participant loans | 2010-12-31 | $2,601 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $129,198 |
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 | No |
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 | $64,298 |
Employer contributions (assets) at end of year | 2010-12-31 | $64,357 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $45,426 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $159,501 |
Contract administrator fees | 2010-12-31 | $4,744 |
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 | CROWE HORWATH LLP |
Accountancy firm EIN | 2010-12-31 | 350921680 |