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THE SWIFT 401K PLAN 401k Plan overview

Plan NameTHE SWIFT 401K PLAN
Plan identification number 005

THE SWIFT 401K 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.
  • 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

FIDUCIARY WISE, LLC FBO SCOTT CYNAMON TEXTILES, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIDUCIARY WISE, LLC FBO SCOTT CYNAMON TEXTILES, INC.
Employer identification number (EIN):112861597
NAIC Classification:314000
NAIC Description: Textile Product Mills

Additional information about FIDUCIARY WISE, LLC FBO SCOTT CYNAMON TEXTILES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1986-12-01
Company Identification Number: 1067308
Legal Registered Office Address: 7-11 LEGION DR
Kings
VALHALLA
United States of America (USA)
10595

More information about FIDUCIARY WISE, LLC FBO SCOTT CYNAMON TEXTILES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SWIFT 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052019-01-01KRISTI DALLEY2020-07-06
0052018-01-01KRISTI DALLEY2019-10-03
0052017-01-01T R BICK2018-07-23
0052016-01-01T R BICK
0052015-01-01T R BICK

Plan Statistics for THE SWIFT 401K PLAN

401k plan membership statisitcs for THE SWIFT 401K PLAN

Measure Date Value
2016: THE SWIFT 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-014
Total number of active participants reported on line 7a of the Form 55002016-01-013
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-014
Number of participants with account balances2016-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: THE SWIFT 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-013
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-012
Total of all active and inactive participants2015-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-015
Number of participants with account balances2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on THE SWIFT 401K PLAN

Measure Date Value
2016 : THE SWIFT 401K PLAN 2016 401k financial data
Total income from all sources2016-12-31$54,380
Expenses. Total of all expenses incurred2016-12-31$63,147
Benefits paid (including direct rollovers)2016-12-31$59,132
Total plan assets at end of year2016-12-31$434,429
Total plan assets at beginning of year2016-12-31$443,196
Value of fidelity bond covering the plan2016-12-31$50,000
Total contributions received or receivable from participants2016-12-31$18,852
Other income received2016-12-31$7,512
Net income (gross income less expenses)2016-12-31$-8,767
Net plan assets at end of year (total assets less liabilities)2016-12-31$434,429
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$443,196
Assets. Value of participant loans2016-12-31$11,647
Total contributions received or receivable from employer(s)2016-12-31$28,016
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$4,015
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : THE SWIFT 401K PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$442,407
Total income from all sources2015-12-31$789
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$443,196
Value of fidelity bond covering the plan2015-12-31$45,000
Total contributions received or receivable from participants2015-12-31$2,682
Other income received2015-12-31$-1,893
Net income (gross income less expenses)2015-12-31$789
Net plan assets at end of year (total assets less liabilities)2015-12-31$443,196
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of participant loans2015-12-31$36,707
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for THE SWIFT 401K PLAN

2016: THE SWIFT 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE SWIFT 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entityMulitple employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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