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NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameNAT SHERMAN, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

NAT SHERMAN, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NAT SHERMAN, INC. has sponsored the creation of one or more 401k plans.

Company Name:NAT SHERMAN, INC.
Employer identification number (EIN):131975226
NAIC Classification:312200
NAIC Description: Tobacco Manufacturing

Additional information about NAT SHERMAN, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1946-11-15
Company Identification Number: 60289
Legal Registered Office Address: JOEL J SHERMAN
10 STERLING BLVD., 3RD FLOOR
ENGLEWOOD
United States of America (USA)
07631

More information about NAT SHERMAN, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NAT SHERMAN, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01
0012017-01-01BRENDON SCOTT
0012016-01-01BRENDON SCOTT2017-10-03
0012015-01-01WILLIAM SHERMAN2016-10-11
0012014-01-01WILLIAM SHERMAN2015-10-07
0012013-01-01WILLIAM SHERMAN2014-10-08
0012012-01-01WILLIAM SHERMAN2013-10-01
0012011-01-01WILLIAM SHERMAN2013-10-01
0012010-01-01WILLIAM SHERMAN2011-09-26

Plan Statistics for NAT SHERMAN, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for NAT SHERMAN, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2019: NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01121
Total number of active participants reported on line 7a of the Form 55002019-01-0175
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0129
Total of all active and inactive participants2019-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01104
Number of participants with account balances2019-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01120
Total number of active participants reported on line 7a of the Form 55002018-01-0177
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0142
Total of all active and inactive participants2018-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01119
Number of participants with account balances2018-01-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0110
2017: NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01121
Total number of active participants reported on line 7a of the Form 55002017-01-01104
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0113
Total of all active and inactive participants2017-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01117
Number of participants with account balances2017-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on NAT SHERMAN, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2019 : NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,495,027
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$2,920,442
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,918,286
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$829,244
Value of total assets at end of year2019-12-31$9,658,231
Value of total assets at beginning of year2019-12-31$10,083,646
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,156
Total interest from all sources2019-12-31$9,782
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$746,513
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$746,513
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
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$462,681
Participant contributions at end of year2019-12-31$193,299
Participant contributions at beginning of year2019-12-31$206,157
Participant contributions at end of year2019-12-31$9,892
Participant contributions at beginning of year2019-12-31$26,438
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$11,269
Administrative expenses (other) incurred2019-12-31$2,156
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-425,415
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,658,231
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$10,083,646
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 registered invesment companies (eg mutual funds) at end of year2019-12-31$7,913,156
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$8,288,917
Interest on participant loans2019-12-31$9,782
Value of interest in common/collective trusts at end of year2019-12-31$321,392
Value of interest in common/collective trusts at beginning of year2019-12-31$287,580
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$865,198
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$808,586
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$808,586
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$909,488
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$355,294
Employer contributions (assets) at end of year2019-12-31$355,294
Employer contributions (assets) at beginning of year2019-12-31$465,968
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,918,286
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 name2019-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2019-12-31390859910
2018 : NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$383,523
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$877,719
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$875,488
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,057,975
Value of total assets at end of year2018-12-31$10,083,646
Value of total assets at beginning of year2018-12-31$10,577,842
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,231
Total interest from all sources2018-12-31$7,575
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$477,338
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$477,338
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
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$606,472
Participant contributions at end of year2018-12-31$206,157
Participant contributions at beginning of year2018-12-31$178,180
Participant contributions at end of year2018-12-31$26,438
Participant contributions at beginning of year2018-12-31$18,255
Administrative expenses (other) incurred2018-12-31$2,231
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-494,196
Value of net assets at end of year (total assets less liabilities)2018-12-31$10,083,646
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$10,577,842
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 registered invesment companies (eg mutual funds) at end of year2018-12-31$8,288,917
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$9,379,392
Interest on participant loans2018-12-31$7,575
Value of interest in common/collective trusts at end of year2018-12-31$287,580
Value of interest in common/collective trusts at beginning of year2018-12-31$251,719
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$808,586
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$346,133
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$346,133
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,159,365
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$451,503
Employer contributions (assets) at end of year2018-12-31$465,968
Employer contributions (assets) at beginning of year2018-12-31$404,163
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$875,488
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
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 name2018-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2018-12-31390859910
2017 : NAT SHERMAN, INC. 401K PROFIT SHARING PLAN 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$2,583,044
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,358,359
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,356,499
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,180,887
Value of total assets at end of year2017-12-31$10,577,842
Value of total assets at beginning of year2017-12-31$9,353,157
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,860
Total interest from all sources2017-12-31$5,047
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$421,462
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$421,462
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
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$541,795
Participant contributions at end of year2017-12-31$178,180
Participant contributions at beginning of year2017-12-31$172,615
Participant contributions at end of year2017-12-31$18,255
Participant contributions at beginning of year2017-12-31$0
Administrative expenses (other) incurred2017-12-31$1,860
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$1,224,685
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,577,842
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$9,353,157
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 registered invesment companies (eg mutual funds) at end of year2017-12-31$9,379,392
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$8,126,427
Interest on participant loans2017-12-31$5,047
Value of interest in common/collective trusts at end of year2017-12-31$251,719
Value of interest in common/collective trusts at beginning of year2017-12-31$294,402
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$346,133
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$759,713
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$759,713
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$975,648
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$639,092
Employer contributions (assets) at end of year2017-12-31$404,163
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,356,499
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
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 name2017-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2017-12-31390859910

Form 5500 Responses for NAT SHERMAN, INC. 401K PROFIT SHARING PLAN

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

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