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NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 401k Plan overview

Plan NameNATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST
Plan identification number 001

NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 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.

401k Sponsoring company profile

NATIONAL PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL PRODUCTS, INC.
Employer identification number (EIN):911512047
NAIC Classification:333510

Additional information about NATIONAL PRODUCTS, INC.

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 1990-10-01
Company Identification Number: 601276695
Legal Registered Office Address: 8410 DALLAS AVE S

SEATTLE
United States of America (USA)
981080000

More information about NATIONAL PRODUCTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MICHAEL TURNER
0012016-01-01MICHAEL TURNER
0012015-05-01MICHAEL TURNER2016-08-04

Plan Statistics for NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST

401k plan membership statisitcs for NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST

Measure Date Value
2022: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-01454
Total number of active participants reported on line 7a of the Form 55002022-01-01305
Number of retired or separated participants receiving benefits2022-01-0158
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-01363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01363
Number of participants with account balances2022-01-01216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01372
Total number of active participants reported on line 7a of the Form 55002021-01-01398
Number of retired or separated participants receiving benefits2021-01-0141
Total of all active and inactive participants2021-01-01439
Total participants2021-01-01439
Number of participants with account balances2021-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01420
Total number of active participants reported on line 7a of the Form 55002020-01-01244
Number of retired or separated participants receiving benefits2020-01-0188
Total of all active and inactive participants2020-01-01332
Total participants2020-01-01332
Number of participants with account balances2020-01-01208
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01344
Total number of active participants reported on line 7a of the Form 55002019-01-01350
Number of retired or separated participants receiving benefits2019-01-0155
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-01405
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01405
Number of participants with account balances2019-01-01218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-015
2018: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-01364
Total number of active participants reported on line 7a of the Form 55002018-01-01315
Number of retired or separated participants receiving benefits2018-01-0129
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-01344
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01344
Number of participants with account balances2018-01-01156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-017
2017: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-01202
Total number of active participants reported on line 7a of the Form 55002017-01-01341
Number of retired or separated participants receiving benefits2017-01-0110
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-01351
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01351
Number of participants with account balances2017-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-015
2016: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-01163
Total number of active participants reported on line 7a of the Form 55002016-01-01195
Number of retired or separated participants receiving benefits2016-01-017
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-01202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01202
Number of participants with account balances2016-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-015

Financial Data on NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST

Measure Date Value
2022 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$670
Total income from all sources (including contributions)2022-12-31$584,928
Total of all expenses incurred2022-12-31$262,598
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$223,687
Expenses. Certain deemed distributions of participant loans2022-12-31$443
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,390,595
Value of total assets at end of year2022-12-31$5,012,276
Value of total assets at beginning of year2022-12-31$4,689,276
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$38,468
Total interest from all sources2022-12-31$3,220
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,171
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,171
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$824,011
Participant contributions at end of year2022-12-31$86,041
Participant contributions at beginning of year2022-12-31$69,419
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$113,160
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$670
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$322,330
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,011,606
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,689,276
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$4,726,708
Value of interest in pooled separate accounts at beginning of year2022-12-31$4,460,881
Interest on participant loans2022-12-31$3,220
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$181,545
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$158,976
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-810,058
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$453,424
Employer contributions (assets) at end of year2022-12-31$17,982
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$223,687
Contract administrator fees2022-12-31$38,468
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2022-12-31911125800
2021 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$2,032,161
Total of all expenses incurred2021-12-31$340,445
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$295,632
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,500,522
Value of total assets at end of year2021-12-31$4,689,276
Value of total assets at beginning of year2021-12-31$2,997,560
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$44,813
Total interest from all sources2021-12-31$4,952
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$187,260
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$187,260
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$690,283
Participant contributions at end of year2021-12-31$69,419
Participant contributions at beginning of year2021-12-31$35,218
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$424,895
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,691,716
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,689,276
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,997,560
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$4,460,881
Value of interest in pooled separate accounts at beginning of year2021-12-31$2,864,180
Interest on participant loans2021-12-31$2,880
Interest earned on other investments2021-12-31$2,072
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$158,976
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$98,162
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$339,427
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$385,344
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$295,632
Contract administrator fees2021-12-31$44,813
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2021-12-31911125800
2020 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,256,150
Total of all expenses incurred2020-12-31$419,753
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$390,817
Expenses. Certain deemed distributions of participant loans2020-12-31$7,695
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$830,243
Value of total assets at end of year2020-12-31$2,997,560
Value of total assets at beginning of year2020-12-31$2,161,163
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$21,241
Total interest from all sources2020-12-31$2,862
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$86,816
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$86,816
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$299,756
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$454,951
Participant contributions at end of year2020-12-31$35,218
Participant contributions at beginning of year2020-12-31$51,974
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$99,627
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$836,397
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,997,560
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,161,163
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$2,864,180
Value of interest in pooled separate accounts at beginning of year2020-12-31$2,083,569
Interest on participant loans2020-12-31$2,789
Interest earned on other investments2020-12-31$73
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$98,162
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$25,620
Net investment gain/loss from pooled separate accounts2020-12-31$336,229
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$275,665
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$390,817
Contract administrator fees2020-12-31$21,241
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2020-12-31911125800
2019 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,162,449
Total of all expenses incurred2019-12-31$126,921
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$103,661
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$856,558
Value of total assets at end of year2019-12-31$2,161,163
Value of total assets at beginning of year2019-12-31$1,125,635
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$23,260
Total interest from all sources2019-12-31$1,959
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$142,045
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$142,045
Administrative expenses professional fees incurred2019-12-31$23,260
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$250,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$490,306
Participant contributions at end of year2019-12-31$51,974
Participant contributions at beginning of year2019-12-31$9,508
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$54,185
Other income not declared elsewhere2019-12-31$9
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,035,528
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,161,163
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,125,635
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$2,083,569
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,105,298
Interest on participant loans2019-12-31$1,959
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$25,620
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$10,602
Net investment gain/loss from pooled separate accounts2019-12-31$161,878
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$312,067
Employer contributions (assets) at beginning of year2019-12-31$227
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$103,661
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2019-12-31911125800
2018 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$541,111
Total of all expenses incurred2018-12-31$111,862
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$101,193
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$630,549
Value of total assets at end of year2018-12-31$1,125,635
Value of total assets at beginning of year2018-12-31$696,386
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$10,669
Total interest from all sources2018-12-31$536
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$86,361
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$86,361
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$250,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$383,394
Participant contributions at end of year2018-12-31$9,508
Participant contributions at beginning of year2018-12-31$6,937
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$23,337
Other income not declared elsewhere2018-12-31$986
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$429,249
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,125,635
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$696,386
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$1,105,298
Value of interest in pooled separate accounts at beginning of year2018-12-31$666,860
Interest on participant loans2018-12-31$536
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$10,602
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$8,797
Net investment gain/loss from pooled separate accounts2018-12-31$-177,321
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$223,818
Employer contributions (assets) at end of year2018-12-31$227
Employer contributions (assets) at beginning of year2018-12-31$13,792
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$101,193
Contract administrator fees2018-12-31$10,669
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2018-12-31911125800
2017 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$423,478
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$56,791
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$26,218
Value of total corrective distributions2017-12-31$24,260
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$353,791
Value of total assets at end of year2017-12-31$696,386
Value of total assets at beginning of year2017-12-31$329,699
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$6,313
Total interest from all sources2017-12-31$255
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
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$250,000
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$245,759
Participant contributions at end of year2017-12-31$6,937
Participant contributions at beginning of year2017-12-31$610
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$12,210
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$366,687
Value of net assets at end of year (total assets less liabilities)2017-12-31$696,386
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$329,699
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$666,860
Value of interest in pooled separate accounts at beginning of year2017-12-31$318,257
Interest on participant loans2017-12-31$255
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$8,797
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$2,255
Net investment gain/loss from pooled separate accounts2017-12-31$69,432
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$95,822
Employer contributions (assets) at end of year2017-12-31$13,792
Employer contributions (assets) at beginning of year2017-12-31$8,577
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$26,218
Contract administrator fees2017-12-31$6,313
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 name2017-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2017-12-31911125800
2016 : NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$221,033
Total of all expenses incurred2016-12-31$4,658
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,901
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$197,390
Value of total assets at end of year2016-12-31$329,699
Value of total assets at beginning of year2016-12-31$113,324
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$2,757
Total interest from all sources2016-12-31$10
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$250,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$131,787
Participant contributions at end of year2016-12-31$610
Participant contributions at beginning of year2016-12-31$3,538
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$216,375
Value of net assets at end of year (total assets less liabilities)2016-12-31$329,699
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$113,324
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$318,257
Value of interest in pooled separate accounts at beginning of year2016-12-31$108,256
Interest on participant loans2016-12-31$10
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$2,255
Net investment gain/loss from pooled separate accounts2016-12-31$23,633
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$65,603
Employer contributions (assets) at end of year2016-12-31$8,577
Employer contributions (assets) at beginning of year2016-12-31$1,530
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,901
Contract administrator fees2016-12-31$2,757
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 name2016-12-31SHANNON & ASSOCIATES, LLP
Accountancy firm EIN2016-12-31911125800

Form 5500 Responses for NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST

2022: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
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: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
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: NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST 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 - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-836170
Policy instance 1
Insurance contract or identification numberGA-836170
Number of Individuals Covered0
Total amount of commissions paid to insurance brokerUSD $10,056
Total amount of fees paid to insurance companyUSD $1,117
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,056
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number747250-01
Policy instance 2
Insurance contract or identification number747250-01
Number of Individuals Covered216
Total amount of commissions paid to insurance brokerUSD $15,368
Total amount of fees paid to insurance companyUSD $0
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 $15,368
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-836170
Policy instance 1
Insurance contract or identification numberGA-836170
Number of Individuals Covered205
Total amount of commissions paid to insurance brokerUSD $15,339
Total amount of fees paid to insurance companyUSD $1,704
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $15,339
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Amount paid for insurance broker fees1704
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-836170
Policy instance 1
Insurance contract or identification numberGA-836170
Total amount of commissions paid to insurance brokerUSD $9,720
Total amount of fees paid to insurance companyUSD $1,078
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 $9,720
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Amount paid for insurance broker fees1078
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-836170
Policy instance 1
Insurance contract or identification numberGA-836170
Total amount of commissions paid to insurance brokerUSD $5,211
Total amount of fees paid to insurance companyUSD $710
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 $5,211
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerINVESTMENT ADVISOR
Insurance broker organization code?4
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-836170
Policy instance 1
Insurance contract or identification numberGA-836170
Number of Individuals Covered156
Total amount of commissions paid to insurance brokerUSD $3,965
Total amount of fees paid to insurance companyUSD $309
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,965
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Amount paid for insurance broker fees309
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberGA-836170
Policy instance 1
Insurance contract or identification numberGA-836170
Number of Individuals Covered84
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $2,367
Total amount of fees paid to insurance companyUSD $263
Are there contracts with allocated funds for individual policies?0
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?No
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 $2,367
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerADVISOR
Insurance broker organization code?3
Insurance broker nameHUNNEX AND SHOEMAKER, INC.

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