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THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES 401k Plan overview

Plan NameTHE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES
Plan identification number 021

THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

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

Company Name:CARAUSTAR INDUSTRIES, INC.
Employer identification number (EIN):800467749
NAIC Classification:322100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0212015-05-01SCOTT KOENIGS

Plan Statistics for THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES

401k plan membership statisitcs for THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES

Measure Date Value
2015: THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES 2015 401k membership
Total participants, beginning-of-year2015-05-01526
Total number of active participants reported on line 7a of the Form 55002015-05-010
Number of retired or separated participants receiving benefits2015-05-010
Number of other retired or separated participants entitled to future benefits2015-05-010
Total of all active and inactive participants2015-05-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-05-010
Total participants2015-05-010
Number of participants with account balances2015-05-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-05-010

Financial Data on THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES

Measure Date Value
2016 : THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES 2016 401k financial data
Total transfer of assets from this plan2016-01-01$52,305,657
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-01-01$52,599,898
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-01-01$19,500
Total income from all sources (including contributions)2016-01-01$46,980
Total of all expenses incurred2016-01-01$8,122,462
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-01-01$8,078,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-01-01$1,596,150
Value of total assets at end of year2016-01-01$52,599,898
Value of total assets at beginning of year2016-01-01$60,400,639
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-01-01$43,793
Total interest from all sources2016-01-01$16,632
Total dividends received (eg from common stock, registered investment company shares)2016-01-01$449,010
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-01-01Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-01-01$0
Total dividends received from registered investment company shares (eg mutual funds)2016-01-01$449,010
Was this plan covered by a fidelity bond2016-01-01Yes
Value of fidelity bond cover2016-01-01$5,000,000
If this is an individual account plan, was there a blackout period2016-01-01Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-01-01$0
Were there any nonexempt tranactions with any party-in-interest2016-01-01No
Contributions received from participants2016-01-01$1,213,294
Participant contributions at end of year2016-01-01$676,365
Participant contributions at beginning of year2016-01-01$868,112
Participant contributions at end of year2016-01-01$52,563
Participant contributions at beginning of year2016-01-01$85,394
Income. Received or receivable in cash from other sources (including rollovers)2016-01-01$382,594
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-01-01$52,599,898
Administrative expenses (other) incurred2016-01-01$43,793
Liabilities. Value of operating payables at end of year2016-01-01$0
Liabilities. Value of operating payables at beginning of year2016-01-01$19,500
Total non interest bearing cash at end of year2016-01-01$61,287
Total non interest bearing cash at beginning of year2016-01-01$27,522
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-01-01No
Value of net income/loss2016-01-01$-8,075,482
Value of net assets at end of year (total assets less liabilities)2016-01-01$0
Value of net assets at beginning of year (total assets less liabilities)2016-01-01$60,381,139
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2016-01-01No
Were any leases to which the plan was party in default or uncollectible2016-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-01-01$47,133,951
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-01-01$53,398,774
Interest on participant loans2016-01-01$16,630
Value of interest in common/collective trusts at end of year2016-01-01$4,643,420
Value of interest in common/collective trusts at beginning of year2016-01-01$4,421,230
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-01-01$32,312
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-01-01$28,423
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-01-01$28,423
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-01-01$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-01-01$-2,052,395
Net investment gain or loss from common/collective trusts2016-01-01$37,583
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-01-01No
Was there a failure to transmit to the plan any participant contributions2016-01-01Yes
Has the plan failed to provide any benefit when due under the plan2016-01-01No
Contributions received in cash from employer2016-01-01$262
Employer contributions (assets) at end of year2016-01-01$0
Employer contributions (assets) at beginning of year2016-01-01$1,571,184
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-01-01$8,078,669
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-01-01Yes
Did the plan have assets held for investment2016-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-01-01Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-01-01Yes
Opinion of an independent qualified public accountant for this plan2016-01-01Disclaimer
Accountancy firm name2016-01-01EISNERAMPER LLP
Accountancy firm EIN2016-01-01131639826

Form 5500 Responses for THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES

2015: THE NEWARK GROUP, INC. 401(K) PLAN FOR SALARIED EMPLOYEES 2015 form 5500 responses
2015-05-01Type of plan entitySingle employer plan
2015-05-01This submission is the final filingYes
2015-05-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-05-01Plan funding arrangement – TrustYes
2015-05-01Plan benefit arrangement - TrustYes

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