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LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameLEVEL ONE, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

LEVEL ONE, LLC 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

LEVEL ONE, LLC has sponsored the creation of one or more 401k plans.

Company Name:LEVEL ONE, LLC
Employer identification number (EIN):205472038
NAIC Classification:561420

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01TODD BALDREE2012-09-04
0012010-01-01JOY FOUGHT

Plan Statistics for LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2010: LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01179
Total number of active participants reported on line 7a of the Form 55002010-01-011
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0190
Total of all active and inactive participants2010-01-0191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0191
Number of participants with account balances2010-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2010 : LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$518,507
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$201,277
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$199,161
Expenses. Certain deemed distributions of participant loans2010-12-31$491
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$361,120
Value of total assets at end of year2010-12-31$1,214,334
Value of total assets at beginning of year2010-12-31$897,104
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,625
Total interest from all sources2010-12-31$816
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$20,485
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$20,485
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$90,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$220,608
Participant contributions at end of year2010-12-31$18,231
Participant contributions at beginning of year2010-12-31$15,726
Administrative expenses (other) incurred2010-12-31$1,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$317,230
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,214,334
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$897,104
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,196,103
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$881,378
Interest on participant loans2010-12-31$816
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$136,086
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$140,512
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$199,161
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31ELLIOTT DAVIS LLC
Accountancy firm EIN2010-12-31570381582

Form 5500 Responses for LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN

2010: LEVEL ONE, LLC 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes

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