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SPECTRUM PAINT CO., INC. 401K PLAN 401k Plan overview

Plan NameSPECTRUM PAINT CO., INC. 401K PLAN
Plan identification number 001

SPECTRUM PAINT CO., INC. 401K 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

SPECTRUM PAINT COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:SPECTRUM PAINT COMPANY, INC.
Employer identification number (EIN):731361406
NAIC Classification:444120
NAIC Description:Paint and Wallpaper Stores

Additional information about SPECTRUM PAINT COMPANY, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1980-01-11
Company Identification Number: 650975
Legal Registered Office Address: 1499 W. PALMETTO PARK ROAD

BOCA RATON


More information about SPECTRUM PAINT COMPANY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPECTRUM PAINT CO., INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01RODDY RUSSO
0012017-01-01RODDY RUSSO
0012016-01-01RODDY RUSSO
0012015-01-01RODDY RUSSO
0012014-01-01RODDY RUSSO
0012013-01-01RODDY RUSSO
0012012-01-01EMILY MORGAN2013-08-27
0012011-01-01EMILY MORGAN2012-06-28
0012010-01-01EMILY MORGAN2011-06-03

Plan Statistics for SPECTRUM PAINT CO., INC. 401K PLAN

401k plan membership statisitcs for SPECTRUM PAINT CO., INC. 401K PLAN

Measure Date Value
2018: SPECTRUM PAINT CO., INC. 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01320
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SPECTRUM PAINT CO., INC. 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01301
Total number of active participants reported on line 7a of the Form 55002017-01-01295
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-0124
Total of all active and inactive participants2017-01-01320
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01320
Number of participants with account balances2017-01-01163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-018
2016: SPECTRUM PAINT CO., INC. 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01245
Total number of active participants reported on line 7a of the Form 55002016-01-01283
Number of other retired or separated participants entitled to future benefits2016-01-0118
Total of all active and inactive participants2016-01-01301
Total participants2016-01-01301
Number of participants with account balances2016-01-01154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-012
2015: SPECTRUM PAINT CO., INC. 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01224
Total number of active participants reported on line 7a of the Form 55002015-01-01222
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0114
Total of all active and inactive participants2015-01-01236
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01236
Number of participants with account balances2015-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: SPECTRUM PAINT CO., INC. 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01167
Total number of active participants reported on line 7a of the Form 55002014-01-01216
Number of other retired or separated participants entitled to future benefits2014-01-018
Total of all active and inactive participants2014-01-01224
Total participants2014-01-01224
Number of participants with account balances2014-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: SPECTRUM PAINT CO., INC. 401K PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01149
Total number of active participants reported on line 7a of the Form 55002013-01-01146
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-019
Total of all active and inactive participants2013-01-01155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01155
Number of participants with account balances2013-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011

Financial Data on SPECTRUM PAINT CO., INC. 401K PLAN

Measure Date Value
2018 : SPECTRUM PAINT CO., INC. 401K PLAN 2018 401k financial data
Total transfer of assets from this plan2018-08-03$5,543,960
Total income from all sources (including contributions)2018-08-03$722,306
Total of all expenses incurred2018-08-03$363,495
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-08-03$319,484
Expenses. Certain deemed distributions of participant loans2018-08-03$30,149
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-08-03$409,731
Value of total assets at end of year2018-08-03$0
Value of total assets at beginning of year2018-08-03$5,185,149
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-08-03$13,862
Total interest from all sources2018-08-03$8,024
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-08-03Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-08-03$0
Was this plan covered by a fidelity bond2018-08-03Yes
Value of fidelity bond cover2018-08-03$500,000
If this is an individual account plan, was there a blackout period2018-08-03Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-08-03$0
Were there any nonexempt tranactions with any party-in-interest2018-08-03No
Contributions received from participants2018-08-03$258,181
Participant contributions at end of year2018-08-03$0
Participant contributions at beginning of year2018-08-03$206,940
Income. Received or receivable in cash from other sources (including rollovers)2018-08-03$4,789
Administrative expenses (other) incurred2018-08-03$13,862
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-08-03No
Value of net income/loss2018-08-03$358,811
Value of net assets at end of year (total assets less liabilities)2018-08-03$0
Value of net assets at beginning of year (total assets less liabilities)2018-08-03$5,185,149
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-08-03No
Were any loans by the plan or fixed income obligations due to the plan in default2018-08-03No
Were any leases to which the plan was party in default or uncollectible2018-08-03No
Value of interest in pooled separate accounts at end of year2018-08-03$0
Value of interest in pooled separate accounts at beginning of year2018-08-03$4,620,797
Interest on participant loans2018-08-03$5,422
Interest earned on other investments2018-08-03$2,602
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-08-03$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-08-03$357,412
Net investment gain/loss from pooled separate accounts2018-08-03$304,551
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-08-03No
Was there a failure to transmit to the plan any participant contributions2018-08-03No
Has the plan failed to provide any benefit when due under the plan2018-08-03No
Contributions received in cash from employer2018-08-03$146,761
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-08-03$319,484
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-08-03Yes
Did the plan have assets held for investment2018-08-03No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-08-03No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-08-03Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-08-03Yes
Opinion of an independent qualified public accountant for this plan2018-08-03Disclaimer
Accountancy firm name2018-08-03STANFIELD & O'DELL PC
Accountancy firm EIN2018-08-03731293433
2017 : SPECTRUM PAINT CO., INC. 401K PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,327,985
Total of all expenses incurred2017-12-31$145,308
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$120,667
Expenses. Certain deemed distributions of participant loans2017-12-31$1,055
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$642,135
Value of total assets at end of year2017-12-31$5,185,149
Value of total assets at beginning of year2017-12-31$4,002,472
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$23,586
Total interest from all sources2017-12-31$13,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$393,199
Participant contributions at end of year2017-12-31$206,940
Participant contributions at beginning of year2017-12-31$204,809
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$10,318
Administrative expenses (other) incurred2017-12-31$23,586
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,182,677
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,185,149
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$4,002,472
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$4,620,797
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,456,563
Interest on participant loans2017-12-31$9,274
Interest earned on other investments2017-12-31$3,943
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$357,412
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$341,100
Net investment gain/loss from pooled separate accounts2017-12-31$672,633
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$238,618
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$120,667
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31STANFIELD & O'DELL PC
Accountancy firm EIN2017-12-31731293433
2016 : SPECTRUM PAINT CO., INC. 401K PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$7,072
Total income from all sources (including contributions)2016-12-31$1,168,875
Total of all expenses incurred2016-12-31$187,627
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$158,045
Value of total corrective distributions2016-12-31$8,162
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$943,558
Value of total assets at end of year2016-12-31$4,002,472
Value of total assets at beginning of year2016-12-31$3,014,152
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$21,420
Total interest from all sources2016-12-31$6,802
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$366,981
Participant contributions at end of year2016-12-31$204,809
Participant contributions at beginning of year2016-12-31$123,290
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$368,417
Other income not declared elsewhere2016-12-31$3,587
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$981,248
Value of net assets at end of year (total assets less liabilities)2016-12-31$4,002,472
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,014,152
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$3,456,563
Value of interest in pooled separate accounts at beginning of year2016-12-31$2,709,150
Interest on participant loans2016-12-31$6,802
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$341,100
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$181,712
Net investment gain/loss from pooled separate accounts2016-12-31$214,928
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$208,160
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$158,045
Contract administrator fees2016-12-31$21,420
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31STANFIELD & O'DELL PC
Accountancy firm EIN2016-12-31731293433
2015 : SPECTRUM PAINT CO., INC. 401K PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$489,780
Total of all expenses incurred2015-12-31$274,279
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$228,816
Value of total corrective distributions2015-12-31$27,033
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$470,706
Value of total assets at end of year2015-12-31$3,014,152
Value of total assets at beginning of year2015-12-31$2,798,651
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$18,430
Total interest from all sources2015-12-31$6,237
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$4,259
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$300,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$275,783
Participant contributions at end of year2015-12-31$123,290
Participant contributions at beginning of year2015-12-31$148,255
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$34,014
Other income not declared elsewhere2015-12-31$16,943
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$215,501
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,014,152
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,798,651
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$14,171
Value of interest in pooled separate accounts at end of year2015-12-31$2,709,150
Value of interest in pooled separate accounts at beginning of year2015-12-31$2,346,544
Interest on participant loans2015-12-31$6,237
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$181,712
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$303,852
Net investment gain/loss from pooled separate accounts2015-12-31$-4,106
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$160,909
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$228,816
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31STANFIELD & O'DELL PC
Accountancy firm EIN2015-12-31731293433
2014 : SPECTRUM PAINT CO., INC. 401K PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$582,743
Total of all expenses incurred2014-12-31$170,485
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$138,029
Value of total corrective distributions2014-12-31$12,688
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$446,471
Value of total assets at end of year2014-12-31$2,798,651
Value of total assets at beginning of year2014-12-31$2,386,393
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$19,768
Total interest from all sources2014-12-31$5,160
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$5,517
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$300,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$235,324
Participant contributions at end of year2014-12-31$148,255
Participant contributions at beginning of year2014-12-31$116,949
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$82,188
Other income not declared elsewhere2014-12-31$4,545
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$412,258
Value of net assets at end of year (total assets less liabilities)2014-12-31$2,798,651
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$2,386,393
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$14,251
Value of interest in pooled separate accounts at end of year2014-12-31$2,346,544
Value of interest in pooled separate accounts at beginning of year2014-12-31$2,025,919
Interest on participant loans2014-12-31$5,160
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$303,852
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$243,525
Net investment gain/loss from pooled separate accounts2014-12-31$126,567
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$128,959
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$138,029
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31STANFIELD & O'DELL PC
Accountancy firm EIN2014-12-31731293433
2013 : SPECTRUM PAINT CO., INC. 401K PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$705,759
Total of all expenses incurred2013-12-31$82,915
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$34,171
Expenses. Certain deemed distributions of participant loans2013-12-31$7,460
Value of total corrective distributions2013-12-31$21,062
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$294,742
Value of total assets at end of year2013-12-31$2,393,853
Value of total assets at beginning of year2013-12-31$1,771,009
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$20,222
Total interest from all sources2013-12-31$12,180
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$20,222
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$200,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$175,648
Participant contributions at end of year2013-12-31$124,409
Participant contributions at beginning of year2013-12-31$105,387
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$20,000
Other income not declared elsewhere2013-12-31$3,327
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$622,844
Value of net assets at end of year (total assets less liabilities)2013-12-31$2,393,853
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,771,009
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$2,025,919
Value of interest in pooled separate accounts at beginning of year2013-12-31$1,425,623
Interest on participant loans2013-12-31$12,180
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$243,525
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$239,999
Net investment gain/loss from pooled separate accounts2013-12-31$395,510
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$99,094
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$34,171
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31STANFIELD & O'DELL P.C.
Accountancy firm EIN2013-12-31731293433

Form 5500 Responses for SPECTRUM PAINT CO., INC. 401K PLAN

2018: SPECTRUM PAINT CO., INC. 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SPECTRUM PAINT CO., INC. 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SPECTRUM PAINT CO., INC. 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SPECTRUM PAINT CO., INC. 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SPECTRUM PAINT CO., INC. 401K PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SPECTRUM PAINT CO., INC. 401K PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number985546
Policy instance 1
Insurance contract or identification number985546
Number of Individuals Covered193
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $9,680
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 $9,680
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number985546
Policy instance 1
Insurance contract or identification number985546
Number of Individuals Covered163
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $13,847
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 $13,847
Insurance broker organization code?3
Insurance broker nameMATTHEW L MONGER
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number985546-000
Policy instance 1
Insurance contract or identification number985546-000
Number of Individuals Covered121
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $9,441
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 $9,441
Insurance broker organization code?3
Insurance broker nameMATTHEW L MONGER
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number985546-000
Policy instance 1
Insurance contract or identification number985546-000
Number of Individuals Covered106
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $8,190
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 $2,278
Insurance broker organization code?3
Insurance broker nameMATTHEW L MONGER
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number985546-000
Policy instance 1
Insurance contract or identification number985546-000
Number of Individuals Covered75
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $6,300
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 $3,434
Insurance broker organization code?3
Insurance broker nameRICHARD H STREETER

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