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L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameL.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN
Plan identification number 002

L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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

L.P. INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:L.P. INDUSTRIES, INC.
Employer identification number (EIN):592362599
NAIC Classification:444130
NAIC Description:Hardware Stores

Additional information about L.P. INDUSTRIES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1983-12-23
Company Identification Number: G75846
Legal Registered Office Address: 326 71ST ST

MIAMI BEACH

33141

More information about L.P. INDUSTRIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ROBERT SHOR2023-09-27
0022021-01-01ROBERT SHOR2022-10-05
0022020-01-01ROBERT SHOR2021-08-20
0022019-01-01ROBERT SHOR2020-10-12
0022018-01-01ROBERT SHOR2019-10-02
0022017-01-01ROBERT SHOR2018-10-05
0022016-01-01ROBERT SHOR2017-10-02
0022015-01-01ROBERT SHOR2016-09-10
0022014-01-01ROBERT SHOR2015-08-24
0022014-01-01ROBERT SHOR2015-08-24
0022013-01-01ROBERT SHOR
0022012-01-01ROBERT SHOR
0022011-01-01ROBERT SHOR

Plan Statistics for L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN

Measure Date Value
2013: L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0156
Total number of active participants reported on line 7a of the Form 55002013-01-0143
Number of other retired or separated participants entitled to future benefits2013-01-017
Total of all active and inactive participants2013-01-0150
Total participants2013-01-0150
Number of participants with account balances2013-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0152
Total number of active participants reported on line 7a of the Form 55002012-01-0148
Number of other retired or separated participants entitled to future benefits2012-01-018
Total of all active and inactive participants2012-01-0156
Total participants2012-01-0156
Number of participants with account balances2012-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0142
Total number of active participants reported on line 7a of the Form 55002011-01-0146
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0152
Total participants2011-01-0152
Number of participants with account balances2011-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012

Financial Data on L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN

Measure Date Value
2013 : L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$569,104
Expenses. Total of all expenses incurred2013-12-31$45,650
Benefits paid (including direct rollovers)2013-12-31$45,650
Total plan assets at end of year2013-12-31$3,028,432
Total plan assets at beginning of year2013-12-31$2,504,978
Value of fidelity bond covering the plan2013-12-31$300,000
Total contributions received or receivable from participants2013-12-31$97,312
Other income received2013-12-31$287,733
Net income (gross income less expenses)2013-12-31$523,454
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,028,432
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,504,978
Assets. Value of participant loans2013-12-31$31,568
Total contributions received or receivable from employer(s)2013-12-31$184,059
2012 : L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$421,781
Expenses. Total of all expenses incurred2012-12-31$238,664
Benefits paid (including direct rollovers)2012-12-31$238,664
Total plan assets at end of year2012-12-31$2,504,978
Total plan assets at beginning of year2012-12-31$2,321,861
Value of fidelity bond covering the plan2012-12-31$300,000
Total contributions received or receivable from participants2012-12-31$82,661
Other income received2012-12-31$162,225
Net income (gross income less expenses)2012-12-31$183,117
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,504,978
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,321,861
Assets. Value of participant loans2012-12-31$51,560
Total contributions received or receivable from employer(s)2012-12-31$176,895
2011 : L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$277,407
Expenses. Total of all expenses incurred2011-12-31$25,645
Benefits paid (including direct rollovers)2011-12-31$25,645
Total plan assets at end of year2011-12-31$2,321,861
Total plan assets at beginning of year2011-12-31$2,070,099
Value of fidelity bond covering the plan2011-12-31$300,000
Total contributions received or receivable from participants2011-12-31$88,791
Contributions received from other sources (not participants or employers)2011-12-31$24,778
Other income received2011-12-31$32,715
Net income (gross income less expenses)2011-12-31$251,762
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,321,861
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,070,099
Assets. Value of participant loans2011-12-31$69,419
Total contributions received or receivable from employer(s)2011-12-31$131,123
2010 : L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$553,394
Expenses. Total of all expenses incurred2010-12-31$107,379
Benefits paid (including direct rollovers)2010-12-31$107,379
Total plan assets at end of year2010-12-31$2,070,099
Total plan assets at beginning of year2010-12-31$1,624,084
Value of fidelity bond covering the plan2010-12-31$300,000
Total contributions received or receivable from participants2010-12-31$94,645
Other income received2010-12-31$175,623
Net income (gross income less expenses)2010-12-31$446,015
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,070,099
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,624,084
Assets. Value of participant loans2010-12-31$76,759
Total contributions received or receivable from employer(s)2010-12-31$283,126
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Form 5500 Responses for L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN

2013: L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entityMulitple employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entityMulitple employer plan
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: L.P. INDUSTRIES, INC. DBA SYKES ACE HARDWARE 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 85302-1
Policy instance 1
Insurance contract or identification numberRM 85302-1
Number of Individuals Covered50
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $7,939
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,545
Insurance broker organization code?3
Insurance broker nameDAVID GREENBERG
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 85302-1
Policy instance 1
Insurance contract or identification numberRM 85302-1
Number of Individuals Covered56
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $8,979
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $964
Insurance broker organization code?3
Insurance broker nameDAVID FRANKLYN GREENBERG
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 85302-1
Policy instance 1
Insurance contract or identification numberRM 85302-1
Number of Individuals Covered52
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $12,275
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 85302-1
Policy instance 1
Insurance contract or identification numberRM 85302-1
Number of Individuals Covered42
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $22,683
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $856
Insurance broker organization code?3
Insurance broker nameDAVID FRANKLYN GREENBERG

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