401k Plan data: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN plan

OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number	001

OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

OMI GEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name: OMI GEMS, INC.

Employer identification number (EIN): 954027497

NAIC Classification: 423940
NAIC Description: Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 OM PRAKASH NAGPAL OM PRAKASH NAGPAL 2013-07-25
001 2011-01-01 OM PRAKASH NAGPAL OM PRAKASH NAGPAL 2012-09-30
001 2009-01-01 OM PRAKASH NAGPAL OM PRAKASH NAGPAL 2010-08-30

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2015-01-01
001	2014-01-01
001	2013-01-01
001	2012-01-01	OM PRAKASH NAGPAL	OM PRAKASH NAGPAL	2013-07-25
001	2011-01-01	OM PRAKASH NAGPAL	OM PRAKASH NAGPAL	2012-09-30
001	2009-01-01	OM PRAKASH NAGPAL	OM PRAKASH NAGPAL	2010-08-30

Plan Statistics for OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2015: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 1
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 6
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 6
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 1
Total of all active and inactive participants 2013-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 5
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 1
Total of all active and inactive participants 2012-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 5
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 1
Total of all active and inactive participants 2011-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 5
Number of other retired or separated participants entitled to future benefits 2009-01-01 1
Total of all active and inactive participants 2009-01-01 6
Total participants 2009-01-01 6

Measure	Date	Value
2015: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	1
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	6
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	6
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	1
Total of all active and inactive participants	2013-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	5
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	1
Total of all active and inactive participants	2012-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	5
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	1
Total of all active and inactive participants	2011-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	5
Number of other retired or separated participants entitled to future benefits	2009-01-01	1
Total of all active and inactive participants	2009-01-01	6
Total participants	2009-01-01	6

Financial Data on OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN

Measure	Date	Value
2015 : OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$91,317
Expenses. Total of all expenses incurred	2015-12-31	$1,270,137
Benefits paid (including direct rollovers)	2015-12-31	$1,270,137
Total plan assets at end of year	2015-12-31	$1,509
Total plan assets at beginning of year	2015-12-31	$1,180,329
Value of fidelity bond covering the plan	2015-12-31	$116,000
Other income received	2015-12-31	$91,317
Net income (gross income less expenses)	2015-12-31	$-1,178,820
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,509
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,180,329
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$63,441
Expenses. Total of all expenses incurred	2014-12-31	$16,870
Benefits paid (including direct rollovers)	2014-12-31	$16,870
Total plan assets at end of year	2014-12-31	$1,180,329
Total plan assets at beginning of year	2014-12-31	$1,133,758
Value of fidelity bond covering the plan	2014-12-31	$116,000
Total contributions received or receivable from participants	2014-12-31	$0
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$63,441
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$46,571
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,180,329
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,133,758
Assets. Value of real-estate (other than employer real property)	2014-12-31	$105,000
Total contributions received or receivable from employer(s)	2014-12-31	$0
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$0
2013 : OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$198,484
Expenses. Total of all expenses incurred	2013-12-31	$15,436
Benefits paid (including direct rollovers)	2013-12-31	$15,436
Total plan assets at end of year	2013-12-31	$1,133,758
Total plan assets at beginning of year	2013-12-31	$950,710
Total contributions received or receivable from participants	2013-12-31	$0
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$198,484
Net income (gross income less expenses)	2013-12-31	$183,048
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,133,758
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$950,710
Assets. Value of participant loans	2013-12-31	$3,925
Assets. Value of real-estate (other than employer real property)	2013-12-31	$102,000
Total contributions received or receivable from employer(s)	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$0
2012 : OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$57,002
Expenses. Total of all expenses incurred	2012-12-31	$14,145
Benefits paid (including direct rollovers)	2012-12-31	$14,145
Total plan assets at end of year	2012-12-31	$950,710
Total plan assets at beginning of year	2012-12-31	$907,853
Total contributions received or receivable from participants	2012-12-31	$0
Expenses. Other expenses not covered elsewhere	2012-12-31	$0
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$57,002
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$42,857
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$950,710
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$907,853
Assets. Value of participant loans	2012-12-31	$11,474
Assets. Value of real-estate (other than employer real property)	2012-12-31	$100,000
Total contributions received or receivable from employer(s)	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$0
2011 : OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$-40,735
Expenses. Total of all expenses incurred	2011-12-31	$15,700
Benefits paid (including direct rollovers)	2011-12-31	$15,700
Total plan assets at end of year	2011-12-31	$907,853
Total plan assets at beginning of year	2011-12-31	$964,288
Total contributions received or receivable from participants	2011-12-31	$0
Expenses. Other expenses not covered elsewhere	2011-12-31	$0
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$-40,735
Noncash contributions received	2011-12-31	$0
Net income (gross income less expenses)	2011-12-31	$-56,435
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$907,853
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$964,288
Assets. Value of participant loans	2011-12-31	$18,639
Assets. Value of real-estate (other than employer real property)	2011-12-31	$100,000
Total contributions received or receivable from employer(s)	2011-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$0
2010 : OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$165,024
Expenses. Total of all expenses incurred	2010-12-31	$43,348
Benefits paid (including direct rollovers)	2010-12-31	$27,295
Total plan assets at end of year	2010-12-31	$954,288
Total plan assets at beginning of year	2010-12-31	$832,612
Total contributions received or receivable from participants	2010-12-31	$0
Expenses. Other expenses not covered elsewhere	2010-12-31	$16,053
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$165,024
Net income (gross income less expenses)	2010-12-31	$121,676
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$954,288
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$832,612
Assets. Value of participant loans	2010-12-31	$25,441
Assets. Value of real-estate (other than employer real property)	2010-12-31	$98,100
Total contributions received or receivable from employer(s)	2010-12-31	$0

Form 5500 Responses for OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN

2015: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: OMI GEMS, INC. DEFINED BENEFIT PENSION PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	OMI GEMS, INC.
Employer identification number (EIN):	954027497
NAIC Classification:	423940
NAIC Description:	Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers