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MATTRESS KING 401(K) PLAN 401k Plan overview

Plan NameMATTRESS KING 401(K) PLAN
Plan identification number 101

MATTRESS KING 401(K) 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.

401k Sponsoring company profile

MATTRESS KING has sponsored the creation of one or more 401k plans.

Company Name:MATTRESS KING
Employer identification number (EIN):841446228
NAIC Classification:442299
NAIC Description:All Other Home Furnishings Stores

Additional information about MATTRESS KING

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2001-07-26
Company Identification Number: 20011372813
Legal Registered Office Address: 3651 S. ARVILLE
#142
LAS VAGAS
United States of America (USA)
89103

More information about MATTRESS KING

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MATTRESS KING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
1012021-01-01PHIL TISUE2021-05-21
1012020-01-01PHIL TISUE2021-05-21
1012019-01-01PHIL TISUE2020-10-15
1012017-01-01PHIL TISUE2018-10-05
1012016-01-01PHIL TISUE2017-10-11
1012015-01-01PHIL TISUE2016-10-18
1012014-01-01PHIL TISUE
1012014-01-01PHIL TISUE
1012013-01-01PHIL TISUE2014-07-17
1012012-01-01PHIL TISUE2013-07-29

Plan Statistics for MATTRESS KING 401(K) PLAN

401k plan membership statisitcs for MATTRESS KING 401(K) PLAN

Measure Date Value
2014: MATTRESS KING 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01150
Total number of active participants reported on line 7a of the Form 55002014-01-0132
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0123
Total of all active and inactive participants2014-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0156
Number of participants with account balances2014-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on MATTRESS KING 401(K) PLAN

Measure Date Value
2014 : MATTRESS KING 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$93,432
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$214,557
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$210,649
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$79,329
Value of total assets at end of year2014-12-31$243,031
Value of total assets at beginning of year2014-12-31$364,156
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$3,908
Total interest from all sources2014-12-31$720
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
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$57,937
Participant contributions at end of year2014-12-31$9,937
Participant contributions at beginning of year2014-12-31$37,378
Participant contributions at end of year2014-12-31$409
Participant contributions at beginning of year2014-12-31$5,453
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-121,125
Value of net assets at end of year (total assets less liabilities)2014-12-31$243,031
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$364,156
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
Value of interest in pooled separate accounts at end of year2014-12-31$224,221
Value of interest in pooled separate accounts at beginning of year2014-12-31$309,138
Interest on participant loans2014-12-31$492
Interest earned on other investments2014-12-31$228
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$8,285
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$9,960
Net investment gain/loss from pooled separate accounts2014-12-31$13,383
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 contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$21,392
Employer contributions (assets) at end of year2014-12-31$179
Employer contributions (assets) at beginning of year2014-12-31$2,227
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$210,649
Contract administrator fees2014-12-31$3,908
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 name2014-12-31COULTER & JUSTUS
Accountancy firm EIN2014-12-31621532536

Form 5500 Responses for MATTRESS KING 401(K) PLAN

2014: MATTRESS KING 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number931061-385
Policy instance 1
Insurance contract or identification number931061-385
Number of Individuals Covered56
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $1,232
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,074
Amount paid for insurance broker fees0
Additional information about fees paid to insurance broker0.00
Insurance broker organization code?3
Insurance broker nameNFP INSURANCE AGENCY SERVICES

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