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METAL FORCE, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMETAL FORCE, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

METAL FORCE, INC. 401(K) PROFIT SHARING 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

METAL FORCE, INC. has sponsored the creation of one or more 401k plans.

Company Name:METAL FORCE, INC.
Employer identification number (EIN):810599229
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan METAL FORCE, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01CHRISTINE KNIGHT2011-12-05
0012010-01-01CHRISTINE KNIGHT2011-05-17
0012006-01-01CHRISTINE KNIGHT TONY THURBER2011-09-22

Plan Statistics for METAL FORCE, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for METAL FORCE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2006: METAL FORCE, INC. 401(K) PROFIT SHARING PLAN 2006 401k membership
Total participants, beginning-of-year2006-01-0115
Total number of active participants reported on line 7a of the Form 55002006-01-0115
Number of retired or separated participants receiving benefits2006-01-010
Number of other retired or separated participants entitled to future benefits2006-01-011
Total of all active and inactive participants2006-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-01-010
Total participants2006-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-010

Financial Data on METAL FORCE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2006 : METAL FORCE, INC. 401(K) PROFIT SHARING PLAN 2006 401k financial data
Total plan liabilities at end of year2006-12-31$0
Total plan liabilities at beginning of year2006-12-31$0
Total income from all sources2006-12-31$17,990
Expenses. Total of all expenses incurred2006-12-31$1,268
Benefits paid (including direct rollovers)2006-12-31$1,268
Total plan assets at end of year2006-12-31$75,345
Total plan assets at beginning of year2006-12-31$58,623
Value of fidelity bond covering the plan2006-12-31$24,000
Total contributions received or receivable from participants2006-12-31$12,506
Other income received2006-12-31$5,484
Net income (gross income less expenses)2006-12-31$16,722
Net plan assets at end of year (total assets less liabilities)2006-12-31$75,345
Net plan assets at beginning of year (total assets less liabilities)2006-12-31$58,623
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2006-12-31$0

Form 5500 Responses for METAL FORCE, INC. 401(K) PROFIT SHARING PLAN

2006: METAL FORCE, INC. 401(K) PROFIT SHARING PLAN 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedNo
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – InsuranceYes
2006-01-01Plan funding arrangement – TrustYes
2006-01-01Plan benefit arrangement – InsuranceYes
2006-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

WESTERN RESERVE LIFE ASSURANCE-NORTHWIND, LLC (National Association of Insurance Commissioners NAIC id number: 85561 )
Policy contract numberWK45555
Policy instance 1
Insurance contract or identification numberWK45555
Number of Individuals Covered9
Insurance policy start date2006-01-01
Insurance policy end date2006-12-31
Total amount of commissions paid to insurance brokerUSD $119
Total amount of fees paid to insurance companyUSD $0
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type 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 $119
Insurance broker organization code?3
Insurance broker nameWORLD FINANCIAL GROUP

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