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NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameNORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN
Plan identification number 002

NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NORTH AMERICAN TRADE SCHOOLS, INC has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN TRADE SCHOOLS, INC
Employer identification number (EIN):202834877
NAIC Classification:611000

Additional information about NORTH AMERICAN TRADE SCHOOLS, INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3803575

More information about NORTH AMERICAN TRADE SCHOOLS, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01REX SPAULDING
0022015-01-01REX SPAULDING
0022014-01-01REX SPAULDING
0022013-01-01REX SPAULDING2014-10-15

Plan Statistics for NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN

Measure Date Value
2016: NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01175
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01140
Total number of active participants reported on line 7a of the Form 55002015-01-01120
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-0152
Total of all active and inactive participants2015-01-01173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01173
Number of participants with account balances2015-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01123
Total number of active participants reported on line 7a of the Form 55002014-01-01136
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01140
Number of participants with account balances2014-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN

Measure Date Value
2016 : NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-10-12$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-10-12$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-10-12$4,576
Total income from all sources (including contributions)2016-10-12$194,987
Total loss/gain on sale of assets2016-10-12$0
Total of all expenses incurred2016-10-12$2,219,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-10-12$2,181,213
Expenses. Certain deemed distributions of participant loans2016-10-12$27,766
Value of total corrective distributions2016-10-12$10,374
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-10-12$89,908
Value of total assets at end of year2016-10-12$0
Value of total assets at beginning of year2016-10-12$2,029,072
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-10-12$130
Total interest from all sources2016-10-12$1,032
Total dividends received (eg from common stock, registered investment company shares)2016-10-12$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-10-12Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-10-12$0
Was this plan covered by a fidelity bond2016-10-12Yes
Value of fidelity bond cover2016-10-12$250,000
If this is an individual account plan, was there a blackout period2016-10-12No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-10-12$0
Were there any nonexempt tranactions with any party-in-interest2016-10-12No
Contributions received from participants2016-10-12$79,534
Participant contributions at end of year2016-10-12$0
Participant contributions at beginning of year2016-10-12$36,166
Participant contributions at end of year2016-10-12$0
Participant contributions at beginning of year2016-10-12$-223
Income. Received or receivable in cash from other sources (including rollovers)2016-10-12$10,374
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-10-12$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-10-12$4,576
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-10-12No
Value of net income/loss2016-10-12$-2,024,496
Value of net assets at end of year (total assets less liabilities)2016-10-12$0
Value of net assets at beginning of year (total assets less liabilities)2016-10-12$2,024,496
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-10-12No
Were any loans by the plan or fixed income obligations due to the plan in default2016-10-12No
Were any leases to which the plan was party in default or uncollectible2016-10-12No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-10-12$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-10-12$1,992,641
Interest on participant loans2016-10-12$1,032
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-10-12$104,047
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-10-12No
Was there a failure to transmit to the plan any participant contributions2016-10-12No
Has the plan failed to provide any benefit when due under the plan2016-10-12No
Employer contributions (assets) at end of year2016-10-12$0
Employer contributions (assets) at beginning of year2016-10-12$488
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-10-12$2,181,213
Contract administrator fees2016-10-12$130
Did the plan have assets held for investment2016-10-12Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-10-12No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-10-12Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-10-12Yes
Opinion of an independent qualified public accountant for this plan2016-10-12Disclaimer
Accountancy firm name2016-10-12WILKE & ASSOCIATES
Accountancy firm EIN2016-10-12251871694
2015 : NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$4,576
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$154,882
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$165,310
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$166,196
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$210,764
Value of total assets at end of year2015-12-31$2,029,072
Value of total assets at beginning of year2015-12-31$2,034,924
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$-886
Total interest from all sources2015-12-31$588
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$100,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$141,138
Participant contributions at end of year2015-12-31$36,166
Participant contributions at beginning of year2015-12-31$9,517
Participant contributions at end of year2015-12-31$-223
Participant contributions at beginning of year2015-12-31$4,854
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$4,576
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Administrative expenses (other) incurred2015-12-31$-886
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-10,428
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,024,496
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,034,924
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,992,641
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,013,689
Interest on participant loans2015-12-31$588
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-56,470
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$69,626
Employer contributions (assets) at end of year2015-12-31$488
Employer contributions (assets) at beginning of year2015-12-31$6,864
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$166,196
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WILKE & ASSOCIATES
Accountancy firm EIN2015-12-31251871694
2014 : NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$318,535
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$67,210
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$67,070
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$233,501
Value of total assets at end of year2014-12-31$2,034,924
Value of total assets at beginning of year2014-12-31$1,783,599
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$140
Total interest from all sources2014-12-31$529
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$100,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$148,472
Participant contributions at end of year2014-12-31$9,517
Participant contributions at beginning of year2014-12-31$10,357
Participant contributions at end of year2014-12-31$4,854
Participant contributions at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$3,851
Administrative expenses (other) incurred2014-12-31$140
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$251,325
Value of net assets at end of year (total assets less liabilities)2014-12-31$2,034,924
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,783,599
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,013,689
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,773,242
Interest on participant loans2014-12-31$529
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$84,505
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$81,178
Employer contributions (assets) at end of year2014-12-31$6,864
Employer contributions (assets) at beginning of year2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$67,070
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31WILKE & ASSOCIATES
Accountancy firm EIN2014-12-31251871694

Form 5500 Responses for NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN

2016: NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: NORTH AMERICAN TRADE SCHOOLS, INC PROFIT SHARING 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number111307
Policy instance 1
Insurance contract or identification number111307
Number of Individuals Covered144
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $9,132
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $8,108
Insurance broker nameSOUTHEASTERN EMPLOYEE BENEFIT SVCS
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number111307
Policy instance 1
Insurance contract or identification number111307
Number of Individuals Covered64
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $6,801
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $4,225
Insurance broker nameSOUTHEASTERN EMPLOYEE BENEFIT

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