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DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 401k Plan overview

Plan NameDONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN
Plan identification number 001

DONGBU DAEWOO ELECTRONICS AMERICA, INC. 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.
  • 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

DONGBU DAEWOO ELECTRONICS AMERICA, INC. has sponsored the creation of one or more 401k plans.

Company Name:DONGBU DAEWOO ELECTRONICS AMERICA, INC.
Employer identification number (EIN):650881706
NAIC Classification:423600

Additional information about DONGBU DAEWOO ELECTRONICS AMERICA, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1998-12-18
Company Identification Number: P98000105320
Legal Registered Office Address: 65 Challenger RD #360

Ridgefield Park

07660

More information about DONGBU DAEWOO ELECTRONICS AMERICA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01SWAN CHO2023-06-01
0012021-01-01SUE CHO2022-07-22
0012020-01-01SUE CHO2021-07-01
0012019-01-01MICHELLE YOON2020-07-14
0012018-01-01MICHELLE YOON2019-06-25
0012017-01-01MICHELLE YOON2018-07-06
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01LI JOAN BACULI2014-03-05
0012011-01-01LI JOAN BACULI2014-03-05
0012010-01-01LI JOAN BACULI2014-03-05
0012009-01-01LI JOAN BACULI2014-03-05
0012008-01-01LI JOAN BACULI
0012007-01-01LI JOAN BACULI

Plan Statistics for DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN

401k plan membership statisitcs for DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN

Measure Date Value
2008: DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0135
Total number of active participants reported on line 7a of the Form 55002008-01-0120
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-0117
Total of all active and inactive participants2008-01-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-0137
Number of participants with account balances2008-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010
2007: DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0139
Total number of active participants reported on line 7a of the Form 55002007-01-0118
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-0117
Total of all active and inactive participants2007-01-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-0135
Number of participants with account balances2007-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010

Financial Data on DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN

Measure Date Value
2008 : DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 2008 401k financial data
Total income from all sources2008-12-31$-206,768
Expenses. Total of all expenses incurred2008-12-31$58,293
Benefits paid (including direct rollovers)2008-12-31$57,105
Total plan assets at end of year2008-12-31$626,598
Total plan assets at beginning of year2008-12-31$891,659
Total contributions received or receivable from participants2008-12-31$38,090
Other income received2008-12-31$-253,698
Net income (gross income less expenses)2008-12-31$-265,061
Net plan assets at end of year (total assets less liabilities)2008-12-31$626,598
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$891,659
Assets. Value of participant loans2008-12-31$5,369
Total contributions received or receivable from employer(s)2008-12-31$8,840
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$1,188
2007 : DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 2007 401k financial data
Total income from all sources2007-12-31$173,418
Expenses. Total of all expenses incurred2007-12-31$551,251
Benefits paid (including direct rollovers)2007-12-31$551,251
Total plan assets at end of year2007-12-31$891,659
Total plan assets at beginning of year2007-12-31$1,269,492
Total contributions received or receivable from participants2007-12-31$53,866
Other income received2007-12-31$107,323
Net income (gross income less expenses)2007-12-31$-377,833
Net plan assets at end of year (total assets less liabilities)2007-12-31$891,659
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$1,269,492
Assets. Value of participant loans2007-12-31$5,634
Total contributions received or receivable from employer(s)2007-12-31$12,229

Form 5500 Responses for DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN

2008: DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
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: DONGBU DAEWOO ELECTRONICS AMERICA, INC. 401(K) PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement – InsuranceYes
2007-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number456326-01
Policy instance 1
Insurance contract or identification number456326-01
Number of Individuals Covered23
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
NEW ENGLAND FINANCIAL (National Association of Insurance Commissioners NAIC id number: 91626 )
Policy contract number456326-01
Policy instance 1
Insurance contract or identification number456326-01
Number of Individuals Covered24
Insurance policy start date2007-02-17
Insurance policy end date2007-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes

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