401k Plan data: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN plan

NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN
Plan identification number	001

NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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

NTS DEVELOPMENT COMPANY has sponsored the creation of one or more 401k plans.

Company Name: NTS DEVELOPMENT COMPANY

Employer identification number (EIN): 610911225

NAIC Classification: 531390
NAIC Description: Other Activities Related to Real Estate

Additional information about NTS DEVELOPMENT COMPANY

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2009-02-25

Company Identification Number: F178210

Legal Registered Office Address: 4701 Cox Rd Ste 285

Glen Allen
United States of America (USA)
23060-6808

More information about NTS DEVELOPMENT COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01 GREGORY A. WELLS
001 2014-01-01 GREGORY WELLS GREGORY WELLS 2015-07-23
001 2013-01-01 GREGORY WELLS GREGORY WELLS 2014-11-10

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2015-01-01	GREGORY A. WELLS
001	2014-01-01	GREGORY WELLS	GREGORY WELLS	2015-07-23
001	2013-01-01	GREGORY WELLS	GREGORY WELLS	2014-11-10

Plan Statistics for NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN

Measure Date Value
2015: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 369
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 217
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 81
Total of all active and inactive participants 2015-01-01 298
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 298
Number of participants with account balances 2015-01-01 261
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 365
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 272
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 78
Total of all active and inactive participants 2014-01-01 350
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 350
Number of participants with account balances 2014-01-01 257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 331
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 272
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 81
Total of all active and inactive participants 2013-01-01 353
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 353
Number of participants with account balances 2013-01-01 272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0

Measure	Date	Value
2015: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	369
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	217
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	81
Total of all active and inactive participants	2015-01-01	298
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	298
Number of participants with account balances	2015-01-01	261
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	365
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	272
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	78
Total of all active and inactive participants	2014-01-01	350
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	350
Number of participants with account balances	2014-01-01	257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	331
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	272
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	81
Total of all active and inactive participants	2013-01-01	353
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	353
Number of participants with account balances	2013-01-01	272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0

Financial Data on NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN

Measure	Date	Value
2015 : NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2015 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$3,591
Total income from all sources (including contributions)	2015-12-31	$1,155,382
Total of all expenses incurred	2015-12-31	$786,990
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$743,670
Value of total corrective distributions	2015-12-31	$129
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$1,040,709
Value of total assets at end of year	2015-12-31	$14,332,552
Value of total assets at beginning of year	2015-12-31	$13,967,751
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$43,191
Total interest from all sources	2015-12-31	$10,165
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$567,865
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$567,865
Administrative expenses professional fees incurred	2015-12-31	$43,191
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$725,379
Participant contributions at end of year	2015-12-31	$228,192
Participant contributions at beginning of year	2015-12-31	$280,473
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$6,882
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2015-12-31	$3,591
Other income not declared elsewhere	2015-12-31	$99
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$368,392
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$14,332,552
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$13,964,160
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$12,194,586
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$12,186,194
Interest on participant loans	2015-12-31	$10,165
Value of interest in common/collective trusts at end of year	2015-12-31	$1,870,125
Value of interest in common/collective trusts at beginning of year	2015-12-31	$1,476,315
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-490,621
Net investment gain or loss from common/collective trusts	2015-12-31	$27,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$308,448
Employer contributions (assets) at end of year	2015-12-31	$39,649
Employer contributions (assets) at beginning of year	2015-12-31	$24,769
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$743,670
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	MONROE SHINE & CO., INC.
Accountancy firm EIN	2015-12-31	351515068
2014 : NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$3,591
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$29,443
Total income from all sources (including contributions)	2014-12-31	$1,934,802
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$2,562,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$2,553,055
Value of total corrective distributions	2014-12-31	$4,258
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$973,930
Value of total assets at end of year	2014-12-31	$13,967,751
Value of total assets at beginning of year	2014-12-31	$14,620,861
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$4,747
Total interest from all sources	2014-12-31	$9,576
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$492,549
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	$492,549
Administrative expenses professional fees incurred	2014-12-31	$4,747
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$739,325
Participant contributions at end of year	2014-12-31	$280,473
Participant contributions at beginning of year	2014-12-31	$240,917
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2014-12-31	$3,591
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$29,443
Other income not declared elsewhere	2014-12-31	$1,135
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	$-627,258
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$13,964,160
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$14,591,418
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	$12,186,194
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$12,676,388
Interest on participant loans	2014-12-31	$9,576
Value of interest in common/collective trusts at end of year	2014-12-31	$1,476,315
Value of interest in common/collective trusts at beginning of year	2014-12-31	$1,678,225
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$440,932
Net investment gain or loss from common/collective trusts	2014-12-31	$16,680
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	$234,605
Employer contributions (assets) at end of year	2014-12-31	$24,769
Employer contributions (assets) at beginning of year	2014-12-31	$25,331
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$2,553,055
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	No
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	MONROE SHINE & CO., INC.
Accountancy firm EIN	2014-12-31	351515068
2013 : NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$29,443
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$27,531
Total income from all sources (including contributions)	2013-12-31	$3,325,649
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$1,278,891
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$1,269,424
Value of total corrective distributions	2013-12-31	$2,250
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$923,971
Value of total assets at end of year	2013-12-31	$14,620,861
Value of total assets at beginning of year	2013-12-31	$12,572,191
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$7,217
Total interest from all sources	2013-12-31	$10,429
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$541,197
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	$541,197
Administrative expenses professional fees incurred	2013-12-31	$7,217
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$681,833
Participant contributions at end of year	2013-12-31	$240,917
Participant contributions at beginning of year	2013-12-31	$272,993
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$10,887
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2013-12-31	$29,443
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$27,531
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	$2,046,758
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$14,591,418
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$12,544,660
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	$12,676,388
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$10,344,262
Interest on participant loans	2013-12-31	$10,429
Value of interest in common/collective trusts at end of year	2013-12-31	$1,678,225
Value of interest in common/collective trusts at beginning of year	2013-12-31	$1,926,340
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$1,833,527
Net investment gain or loss from common/collective trusts	2013-12-31	$16,525
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	$231,251
Employer contributions (assets) at end of year	2013-12-31	$25,331
Employer contributions (assets) at beginning of year	2013-12-31	$28,596
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$1,269,424
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
Aggregate proceeds on sale of assets	2013-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$0
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	MONROE SHINE & CO., INC.
Accountancy firm EIN	2013-12-31	351515068

Form 5500 Responses for NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN

2015: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: NTS DEVELOPMENT COMPANY RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NTS DEVELOPMENT COMPANY
Employer identification number (EIN):	610911225
NAIC Classification:	531390
NAIC Description:	Other Activities Related to Real Estate

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2009-02-25
Company Identification Number:	F178210
Legal Registered Office Address:	4701 Cox Rd Ste 285 Glen Allen United States of America (USA) 23060-6808