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RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION
Plan identification number 333

RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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).
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • 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.

401k Sponsoring company profile

STRATEGIC MINERALS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:STRATEGIC MINERALS CORPORATION
Employer identification number (EIN):061170043
NAIC Classification:331200

Additional information about STRATEGIC MINERALS CORPORATION

Jurisdiction of Incorporation: Arkansas Secretary of State
Incorporation Date:
Company Identification Number: 800197475

More information about STRATEGIC MINERALS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3332011-01-01TIM SCOTT
3332010-01-01TIM SCOTT
3332009-01-01TIM SCOTT
3332009-01-01TIM SCOTT

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION

Measure Date Value
2011: RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2011 401k membership
Total participants, beginning-of-year2011-01-01422
Total number of active participants reported on line 7a of the Form 55002011-01-0151
Number of retired or separated participants receiving benefits2011-01-01206
Number of other retired or separated participants entitled to future benefits2011-01-01128
Total of all active and inactive participants2011-01-01385
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0136
Total participants2011-01-01421
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2010 401k membership
Total participants, beginning-of-year2010-01-01437
Total number of active participants reported on line 7a of the Form 55002010-01-0155
Number of retired or separated participants receiving benefits2010-01-01200
Number of other retired or separated participants entitled to future benefits2010-01-01131
Total of all active and inactive participants2010-01-01386
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-0136
Total participants2010-01-01422
2009: RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2009 401k membership
Total participants, beginning-of-year2009-01-01439
Total number of active participants reported on line 7a of the Form 55002009-01-0159
Number of retired or separated participants receiving benefits2009-01-01221
Number of other retired or separated participants entitled to future benefits2009-01-01138
Total of all active and inactive participants2009-01-01418
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0119
Total participants2009-01-01437
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010
Number of participants with account balances2009-01-01149

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION

Measure Date Value
2011 : RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$0
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$419,637
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$902,040
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$857,349
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$41,923
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$988,476
Value of total assets at end of year2011-12-31$10,644,300
Value of total assets at beginning of year2011-12-31$11,126,703
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,768
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$20,202
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$483,420
Participant contributions at end of year2011-12-31$507,189
Participant contributions at beginning of year2011-12-31$506,750
Participant contributions at end of year2011-12-31$41,474
Participant contributions at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$0
Administrative expenses (other) incurred2011-12-31$2,768
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$-482,403
Value of net assets at end of year (total assets less liabilities)2011-12-31$10,644,300
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$11,126,703
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$8,405,571
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$8,861,298
Interest on participant loans2011-12-31$20,202
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$0
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$1,185,010
Value of interest in common/collective trusts at beginning of year2011-12-31$1,290,397
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,109,472
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,167,745
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,167,745
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-584,823
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$-4,218
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$505,056
Employer contributions (assets) at end of year2011-12-31$505,056
Employer contributions (assets) at beginning of year2011-12-31$468,258
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$857,349
Contract administrator fees2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BKD,LLP
Accountancy firm EIN2011-12-31440160260
2010 : RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$0
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,896,256
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,969,208
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,965,964
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,005,790
Value of total assets at end of year2010-12-31$11,126,703
Value of total assets at beginning of year2010-12-31$12,199,655
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,244
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$25,960
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$10,182
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$10,182
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$536,225
Participant contributions at end of year2010-12-31$506,750
Participant contributions at beginning of year2010-12-31$451,603
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$33,924
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$3,244
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$-1,072,952
Value of net assets at end of year (total assets less liabilities)2010-12-31$11,126,703
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$12,199,655
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$117,231
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$8,861,298
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$8,812,804
Interest on participant loans2010-12-31$25,960
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$0
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$1,290,397
Value of interest in common/collective trusts at beginning of year2010-12-31$2,303,362
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,167,745
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$380,609
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$380,609
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$854,324
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$469,565
Employer contributions (assets) at end of year2010-12-31$468,258
Employer contributions (assets) at beginning of year2010-12-31$597,962
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,965,964
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MAIER, MARKEY & JUSTIC, LLP
Accountancy firm EIN2010-12-31133539062
2009 : RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION

2011: RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: RETIREMENT PLAN FOR EMPLOYEES OF STRATEGIC MINERALS CORPORATION 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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