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NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameNEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN
Plan identification number 001

NEW ENGLAND DISCOUNT RETAILERS, 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

NEW ENGLAND DISCOUNT RETAILERS, INC has sponsored the creation of one or more 401k plans.

Company Name:NEW ENGLAND DISCOUNT RETAILERS, INC
Employer identification number (EIN):043490470
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01PATRICK JOSEPH MCKEOWN2023-05-31
0012021-01-01
0012021-01-01
0012020-01-01PATRICK JOSEPH MCKEOWN2021-05-20 PATRICK JOSEPH MCKEOWN2021-05-20
0012020-01-01PATRICK JOSEPH MCKEOWN2023-05-30 PATRICK JOSEPH MCKEOWN2023-05-30
0012018-01-01PATRICK JOSEPH MCKEOWN2019-05-31
0012017-01-01PATRICK JOSEPH MCKEOWN2018-05-09
0012016-01-01PATRICK MCKEOWN2017-06-09
0012015-01-01PATRICK MCKEOWN2016-06-08
0012014-01-01PATRICK MCKEOWN2015-06-11
0012013-01-01PATRICK MCKEOWN2014-06-26
0012012-01-01PATRICK MCKEOWN2013-07-09 PATRICK MCKEOWN2013-07-09
0012011-01-01PATRICK MCKEOWN
0012010-01-01PATRICK MCKEOWN
0012009-01-01PATRICK MCKEOWN PATRICK MCKEOWN2010-07-30
0012009-01-01PATRICK MCKEOWN
0012008-01-01PATRICK MCKEOWN

Plan Statistics for NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01125
Total number of active participants reported on line 7a of the Form 55002021-01-0163
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0118
Total of all active and inactive participants2021-01-0181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0181
Number of participants with account balances2021-01-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2011: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0158
Total number of active participants reported on line 7a of the Form 55002011-01-0147
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0147
Number of participants with account balances2011-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0157
Total number of active participants reported on line 7a of the Form 55002010-01-0158
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0158
Number of participants with account balances2010-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0155
Total number of active participants reported on line 7a of the Form 55002009-01-0142
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0113
Total of all active and inactive participants2009-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0155
Number of participants with account balances2009-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014
2008: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0147
Total number of active participants reported on line 7a of the Form 55002008-01-0144
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-010
Total of all active and inactive participants2008-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-0144
Number of participants with account balances2008-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010

Financial Data on NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2021 : NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$673,644
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$163,965
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$160,465
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$219,930
Value of total assets at end of year2021-12-31$3,618,027
Value of total assets at beginning of year2021-12-31$3,108,348
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,500
Total interest from all sources2021-12-31$3,326
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$335,000
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$133,977
Participant contributions at end of year2021-12-31$55,408
Participant contributions at beginning of year2021-12-31$26,858
Participant contributions at end of year2021-12-31$4,287
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$32,249
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$509,679
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,618,027
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,108,348
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$3,365,937
Value of interest in pooled separate accounts at beginning of year2021-12-31$2,884,137
Interest on participant loans2021-12-31$2,025
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$1,301
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$190,738
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$197,353
Net investment gain/loss from pooled separate accounts2021-12-31$450,388
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$53,704
Employer contributions (assets) at end of year2021-12-31$1,657
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$160,465
Contract administrator fees2021-12-31$3,500
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 plan2021-12-31Disclaimer
Accountancy firm name2021-12-31LEECPA AUDIT GROUP
Accountancy firm EIN2021-12-31814637885
2011 : NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total income from all sources2011-12-31$141,167
Expenses. Total of all expenses incurred2011-12-31$24,367
Benefits paid (including direct rollovers)2011-12-31$24,147
Total plan assets at end of year2011-12-31$635,430
Total plan assets at beginning of year2011-12-31$518,630
Value of fidelity bond covering the plan2011-12-31$100,000
Total contributions received or receivable from participants2011-12-31$101,775
Expenses. Other expenses not covered elsewhere2011-12-31$220
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-29,826
Net income (gross income less expenses)2011-12-31$116,800
Net plan assets at end of year (total assets less liabilities)2011-12-31$635,430
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$518,630
Assets. Value of participant loans2011-12-31$9,194
Total contributions received or receivable from employer(s)2011-12-31$69,218
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$218,118
Expenses. Total of all expenses incurred2010-12-31$17,540
Benefits paid (including direct rollovers)2010-12-31$17,016
Total plan assets at end of year2010-12-31$518,630
Total plan assets at beginning of year2010-12-31$318,052
Value of fidelity bond covering the plan2010-12-31$60,000
Total contributions received or receivable from participants2010-12-31$101,430
Expenses. Other expenses not covered elsewhere2010-12-31$524
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$46,359
Net income (gross income less expenses)2010-12-31$200,578
Net plan assets at end of year (total assets less liabilities)2010-12-31$518,630
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$318,052
Assets. Value of participant loans2010-12-31$15,955
Total contributions received or receivable from employer(s)2010-12-31$70,329
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN

2021: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2011: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2010: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2008: NEW ENGLAND DISCOUNT RETAILERS, INC 401(K) PROFIT SHARING PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract number16793
Policy instance 1
Insurance contract or identification number16793
Number of Individuals Covered51
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $16,690
Total amount of fees paid to insurance companyUSD $0
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?Yes
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 $8,345
Insurance broker organization code?3
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-805664
Policy instance 1
Insurance contract or identification numberGA-805664
Number of Individuals Covered60
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $3,036
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
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-805664
Policy instance 1
Insurance contract or identification numberGA-805664
Number of Individuals Covered58
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $2,573
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 $2,573
Insurance broker organization code?3
Insurance broker nameICC INSURANCE AGENCY INC

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