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TREE ISLAND WIRE USA, INC. UNION 401K PLAN 401k Plan overview

Plan NameTREE ISLAND WIRE USA, INC. UNION 401K PLAN
Plan identification number 002

TREE ISLAND WIRE USA, INC. UNION 401K 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TREE ISLAND WIRE (USA), INC. has sponsored the creation of one or more 401k plans.

Company Name:TREE ISLAND WIRE (USA), INC.
Employer identification number (EIN):680189766
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TREE ISLAND WIRE USA, INC. UNION 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022010-01-01BRUCE YOST

Plan Statistics for TREE ISLAND WIRE USA, INC. UNION 401K PLAN

401k plan membership statisitcs for TREE ISLAND WIRE USA, INC. UNION 401K PLAN

Measure Date Value
2010: TREE ISLAND WIRE USA, INC. UNION 401K PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01136
Total number of active participants reported on line 7a of the Form 55002010-01-0175
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0131
Total of all active and inactive participants2010-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01106
Number of participants with account balances2010-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-014

Financial Data on TREE ISLAND WIRE USA, INC. UNION 401K PLAN

Measure Date Value
2010 : TREE ISLAND WIRE USA, INC. UNION 401K 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$276,115
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$278,108
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$273,518
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$95,929
Value of total assets at end of year2010-12-31$1,997,995
Value of total assets at beginning of year2010-12-31$1,999,988
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$4,590
Total interest from all sources2010-12-31$35,747
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
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$80,916
Participant contributions at end of year2010-12-31$141,586
Participant contributions at beginning of year2010-12-31$151,467
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-1,993
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,997,995
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,999,988
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
Value of interest in pooled separate accounts at end of year2010-12-31$865,782
Value of interest in pooled separate accounts at beginning of year2010-12-31$794,345
Interest on participant loans2010-12-31$5,532
Interest earned on other investments2010-12-31$30,215
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$990,627
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,054,176
Net investment gain/loss from pooled separate accounts2010-12-31$144,439
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 contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$15,013
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$273,518
Contract administrator fees2010-12-31$4,590
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)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31LAWRENCE R MITCHELL & COMPANY
Accountancy firm EIN2010-12-31200545687

Form 5500 Responses for TREE ISLAND WIRE USA, INC. UNION 401K PLAN

2010: TREE ISLAND WIRE USA, INC. UNION 401K PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes

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