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WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameWEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN
Plan identification number 001

WEST POINT PRODUCTS 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.
  • 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

WEST POINT PRODUCTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:WEST POINT PRODUCTS, LLC
Employer identification number (EIN):202628009
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about WEST POINT PRODUCTS, LLC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 1219685

More information about WEST POINT PRODUCTS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01BRENT SALLEE BRENT SALLEE2011-07-14
0012009-01-01BRENT SALLEE BRENT SALLEE2010-09-23

Plan Statistics for WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN

Measure Date Value
2010: WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01363
Total number of active participants reported on line 7a of the Form 55002010-01-010
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 participants2010-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-010
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01328
Total number of active participants reported on line 7a of the Form 55002009-01-01299
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0164
Total of all active and inactive participants2009-01-01363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01363
Number of participants with account balances2009-01-01281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0117

Financial Data on WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total transfer of assets from this plan2010-10-15$1,311,147
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-10-15$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-10-15$18,481
Total income from all sources (including contributions)2010-10-15$552,284
Total of all expenses incurred2010-10-15$3,328,490
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-10-15$3,328,490
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-10-15$599,293
Value of total assets at beginning of year2010-10-15$4,105,834
Total interest from all sources2010-10-15$1,804
Total dividends received (eg from common stock, registered investment company shares)2010-10-15$18,550
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-10-15Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-10-15$0
Total dividends received from registered investment company shares (eg mutual funds)2010-10-15$18,550
Was this plan covered by a fidelity bond2010-10-15Yes
Value of fidelity bond cover2010-10-15$140,000
If this is an individual account plan, was there a blackout period2010-10-15No
Were there any nonexempt tranactions with any party-in-interest2010-10-15No
Contributions received from participants2010-10-15$152,595
Participant contributions at beginning of year2010-10-15$75,556
Income. Received or receivable in cash from other sources (including rollovers)2010-10-15$422,794
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-10-15No
Value of net income/loss2010-10-15$-2,776,206
Value of net assets at end of year (total assets less liabilities)2010-10-15$0
Value of net assets at beginning of year (total assets less liabilities)2010-10-15$4,087,353
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-10-15No
Were any loans by the plan or fixed income obligations due to the plan in default2010-10-15No
Were any leases to which the plan was party in default or uncollectible2010-10-15No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-10-15$4,028,841
Interest on participant loans2010-10-15$1,804
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-10-15$-67,363
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-10-15No
Was there a failure to transmit to the plan any participant contributions2010-10-15No
Has the plan failed to provide any benefit when due under the plan2010-10-15No
Contributions received in cash from employer2010-10-15$23,904
Employer contributions (assets) at beginning of year2010-10-15$1,437
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-10-15$3,328,490
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-10-15No
Liabilities. Value of benefit claims payable at end of year2010-10-15$0
Liabilities. Value of benefit claims payable at beginning of year2010-10-15$18,481
Did the plan have assets held for investment2010-10-15No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-10-15No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-10-15Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-10-15No
Opinion of an independent qualified public accountant for this plan2010-10-15Unqualified
Accountancy firm name2010-10-15SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN2010-10-15251408703

Form 5500 Responses for WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN

2010: WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01This submission is the final filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WEST POINT PRODUCTS 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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