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NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameNEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT 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

NEW YORK CAROLINA EXPRESS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK CAROLINA EXPRESS, INC.
Employer identification number (EIN):161236489
NAIC Classification:484110
NAIC Description:General Freight Trucking, Local

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-07-01TODD W. BUSHNELL TODD W. BUSHNELL2013-04-12
0012009-07-01TODD W. BUSHNELL TODD W. BUSHNELL2011-04-14

Plan Statistics for NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2011: NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-07-01139
Total number of active participants reported on line 7a of the Form 55002011-07-01104
Number of retired or separated participants receiving benefits2011-07-010
Number of other retired or separated participants entitled to future benefits2011-07-0127
Total of all active and inactive participants2011-07-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-07-010
Total participants2011-07-01131
Number of participants with account balances2011-07-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-07-011
2009: NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-01162
Total number of active participants reported on line 7a of the Form 55002009-07-01130
Number of retired or separated participants receiving benefits2009-07-010
Number of other retired or separated participants entitled to future benefits2009-07-0118
Total of all active and inactive participants2009-07-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-01148
Number of participants with account balances2009-07-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-0112

Financial Data on NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2012 : NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-06-30$0
Total income from all sources (including contributions)2012-06-30$57,348
Total loss/gain on sale of assets2012-06-30$0
Total of all expenses incurred2012-06-30$739,795
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-06-30$675,864
Expenses. Certain deemed distributions of participant loans2012-06-30$63,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-06-30$156,153
Value of total assets at end of year2012-06-30$4,162,427
Value of total assets at beginning of year2012-06-30$4,844,874
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-06-30$0
Total interest from all sources2012-06-30$20,972
Total dividends received (eg from common stock, registered investment company shares)2012-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-06-30No
Was this plan covered by a fidelity bond2012-06-30Yes
Value of fidelity bond cover2012-06-30$500,000
If this is an individual account plan, was there a blackout period2012-06-30No
Were there any nonexempt tranactions with any party-in-interest2012-06-30No
Contributions received from participants2012-06-30$156,153
Participant contributions at end of year2012-06-30$250,008
Participant contributions at beginning of year2012-06-30$169,726
Participant contributions at end of year2012-06-30$2,778
Participant contributions at beginning of year2012-06-30$3,383
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-06-30$1,488
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-06-30$1,279
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-06-30No
Value of net income/loss2012-06-30$-682,447
Value of net assets at end of year (total assets less liabilities)2012-06-30$4,162,427
Value of net assets at beginning of year (total assets less liabilities)2012-06-30$4,844,874
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-06-30No
Were any leases to which the plan was party in default or uncollectible2012-06-30No
Value of interest in pooled separate accounts at end of year2012-06-30$3,366,371
Value of interest in pooled separate accounts at beginning of year2012-06-30$4,128,781
Interest on participant loans2012-06-30$6,195
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-06-30$14,777
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-06-30$541,782
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-06-30$541,705
Net investment gain/loss from pooled separate accounts2012-06-30$-119,777
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-06-30Yes
Was there a failure to transmit to the plan any participant contributions2012-06-30No
Has the plan failed to provide any benefit when due under the plan2012-06-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-06-30$675,864
Did the plan have assets held for investment2012-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-06-30Yes
Opinion of an independent qualified public accountant for this plan2012-06-30Disclaimer
Accountancy firm name2012-06-30FIRLEY, MORAN, FREER & EASSA, CPA P
Accountancy firm EIN2012-06-30161148763
2011 : NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-06-30$0
Total income from all sources (including contributions)2011-06-30$1,093,299
Total loss/gain on sale of assets2011-06-30$0
Total of all expenses incurred2011-06-30$392,422
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-06-30$366,169
Expenses. Certain deemed distributions of participant loans2011-06-30$26,253
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-06-30$205,051
Value of total assets at end of year2011-06-30$4,844,874
Value of total assets at beginning of year2011-06-30$4,143,997
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-06-30$0
Total interest from all sources2011-06-30$22,517
Total dividends received (eg from common stock, registered investment company shares)2011-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-06-30No
Was this plan covered by a fidelity bond2011-06-30Yes
Value of fidelity bond cover2011-06-30$500,000
If this is an individual account plan, was there a blackout period2011-06-30No
Were there any nonexempt tranactions with any party-in-interest2011-06-30No
Contributions received from participants2011-06-30$204,255
Participant contributions at end of year2011-06-30$169,726
Participant contributions at beginning of year2011-06-30$211,879
Participant contributions at end of year2011-06-30$3,383
Participant contributions at beginning of year2011-06-30$4,477
Income. Received or receivable in cash from other sources (including rollovers)2011-06-30$796
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-06-30$1,279
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-06-30$1,925
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-06-30No
Value of net income/loss2011-06-30$700,877
Value of net assets at end of year (total assets less liabilities)2011-06-30$4,844,874
Value of net assets at beginning of year (total assets less liabilities)2011-06-30$4,143,997
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2011-06-30No
Were any leases to which the plan was party in default or uncollectible2011-06-30No
Value of interest in pooled separate accounts at end of year2011-06-30$4,128,781
Value of interest in pooled separate accounts at beginning of year2011-06-30$3,401,682
Interest on participant loans2011-06-30$6,428
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-06-30$16,089
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-06-30$541,705
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-06-30$524,034
Net investment gain/loss from pooled separate accounts2011-06-30$865,731
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-06-30Yes
Was there a failure to transmit to the plan any participant contributions2011-06-30No
Has the plan failed to provide any benefit when due under the plan2011-06-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-06-30$366,169
Did the plan have assets held for investment2011-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-06-30Yes
Opinion of an independent qualified public accountant for this plan2011-06-30Disclaimer
Accountancy firm name2011-06-30FIRLEY, MORAN, FREER & EASSA, PC
Accountancy firm EIN2011-06-30161148763
2010 : NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-06-30$0

Form 5500 Responses for NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN

2011: NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-07-01Type of plan entitySingle employer plan
2011-07-01Submission has been amendedNo
2011-07-01This submission is the final filingNo
2011-07-01This return/report is a short plan year return/report (less than 12 months)No
2011-07-01Plan is a collectively bargained planNo
2011-07-01Plan funding arrangement – InsuranceYes
2011-07-01Plan funding arrangement – TrustYes
2011-07-01Plan benefit arrangement – InsuranceYes
2011-07-01Plan benefit arrangement - TrustYes
2009: NEW YORK CAROLINA EXPRESS, INC. 401(K) RETIREMENT PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement – InsuranceYes
2009-07-01Plan benefit arrangement - TrustYes

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