Logo

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

Plan NameTHE NEWARK GROUP, INC. 401(K) PLAN FOR HOURLY EMPLOYEES
Plan identification number 031

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

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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 HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0312015-05-01SCOTT KOENIGS

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

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

Measure Date Value
2015: THE NEWARK GROUP, INC. 401(K) PLAN FOR HOURLY EMPLOYEES 2015 401k membership
Total participants, beginning-of-year2015-05-011,202
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 HOURLY EMPLOYEES

Measure Date Value
2016 : THE NEWARK GROUP, INC. 401(K) PLAN FOR HOURLY EMPLOYEES 2016 401k financial data
Total transfer of assets from this plan2016-01-01$33,634,074
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-01-01$33,339,833
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$742,807
Total of all expenses incurred2016-01-01$3,063,675
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-01-01$3,037,023
Value of total corrective distributions2016-01-01$632
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-01-01$1,497,906
Value of total assets at end of year2016-01-01$33,339,833
Value of total assets at beginning of year2016-01-01$35,974,442
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-01-01$26,020
Total interest from all sources2016-01-01$41,283
Total dividends received (eg from common stock, registered investment company shares)2016-01-01$245,511
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$245,511
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$1,206,893
Participant contributions at end of year2016-01-01$2,059,406
Participant contributions at beginning of year2016-01-01$2,050,195
Participant contributions at end of year2016-01-01$100,267
Participant contributions at beginning of year2016-01-01$26,715
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-01-01$33,339,833
Administrative expenses (other) incurred2016-01-01$26,020
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$22,771
Total non interest bearing cash at beginning of year2016-01-01$4,678
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-01-01No
Value of net income/loss2016-01-01$-2,320,868
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$35,954,942
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$27,780,485
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-01-01$29,842,938
Interest on participant loans2016-01-01$41,283
Value of interest in common/collective trusts at end of year2016-01-01$3,295,348
Value of interest in common/collective trusts at beginning of year2016-01-01$3,108,831
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-01-01$9,895
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-01-01$7,682
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-01-01$7,682
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-01-01$-1,068,345
Net investment gain or loss from common/collective trusts2016-01-01$26,452
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 contributions2016-01-01No
Has the plan failed to provide any benefit when due under the plan2016-01-01No
Contributions received in cash from employer2016-01-01$291,013
Employer contributions (assets) at end of year2016-01-01$71,661
Employer contributions (assets) at beginning of year2016-01-01$933,403
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-01-01$3,037,023
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 name2016-01-01EISNER AMPER LLP
Accountancy firm EIN2016-01-01131639826

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

2015: THE NEWARK GROUP, INC. 401(K) PLAN FOR HOURLY 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 is a collectively bargained planYes
2015-05-01Plan funding arrangement – TrustYes
2015-05-01Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1