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US BEST REPAIR SERVICE INC. RETIREMENT PLAN 401k Plan overview

Plan NameUS BEST REPAIR SERVICE INC. RETIREMENT PLAN
Plan identification number 001

US BEST REPAIR SERVICE INC. RETIREMENT 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).
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • 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.
  • 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

US BEST REPAIR SERVICE INC. has sponsored the creation of one or more 401k plans.

Company Name:US BEST REPAIR SERVICE INC.
Employer identification number (EIN):261673863
NAIC Classification:811490
NAIC Description:Other Personal and Household Goods Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan US BEST REPAIR SERVICE INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01BRIAN CRAYCRAFT2013-05-13 BRIAN CRAYCRAFT2013-05-13
0012011-01-01BRIAN CRAYCRAFT2012-05-11 BRIAN CRAYCRAFT2012-05-11
0012010-01-01BRIAN CRAYCRAFT2011-05-31 BRIAN CRAYCRAFT2011-05-31

Plan Statistics for US BEST REPAIR SERVICE INC. RETIREMENT PLAN

401k plan membership statisitcs for US BEST REPAIR SERVICE INC. RETIREMENT PLAN

Measure Date Value
2015: US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01135
Total number of active participants reported on line 7a of the Form 55002015-01-0154
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0121
Total of all active and inactive participants2015-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0175
Number of participants with account balances2015-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0113
2014: US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01156
Total number of active participants reported on line 7a of the Form 55002014-01-0150
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0177
Total of all active and inactive participants2014-01-01127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01127
Number of participants with account balances2014-01-01127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0119
2013: US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01147
Total number of active participants reported on line 7a of the Form 55002013-01-0160
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0193
Total of all active and inactive participants2013-01-01153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01153
Number of participants with account balances2013-01-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0175

Financial Data on US BEST REPAIR SERVICE INC. RETIREMENT PLAN

Measure Date Value
2015 : US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2015 401k financial data
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$326,735
Total of all expenses incurred2015-12-31$420,835
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$417,911
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$367,296
Value of total assets at end of year2015-12-31$1,677,852
Value of total assets at beginning of year2015-12-31$1,771,952
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,924
Total interest from all sources2015-12-31$2,076
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$2,660
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$50,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$107,909
Participant contributions at end of year2015-12-31$50,118
Participant contributions at beginning of year2015-12-31$37,578
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$11,670
Other income not declared elsewhere2015-12-31$2,620
Administrative expenses (other) incurred2015-12-31$264
Total non interest bearing cash at end of year2015-12-31$270,064
Total non interest bearing cash at beginning of year2015-12-31$212,711
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-94,100
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,677,852
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,771,952
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$1,357,670
Value of interest in pooled separate accounts at beginning of year2015-12-31$1,479,976
Interest on participant loans2015-12-31$2,076
Net investment gain/loss from pooled separate accounts2015-12-31$-45,257
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$247,717
Employer contributions (assets) at beginning of year2015-12-31$41,687
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$417,911
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 name2015-12-31GYL DECAUWER, LLP
Accountancy firm EIN2015-12-31330482495
2014 : US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2014 401k financial data
Total liabilities at end 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$430,456
Total of all expenses incurred2014-12-31$301,815
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$300,811
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$373,070
Value of total assets at end of year2014-12-31$1,771,952
Value of total assets at beginning of year2014-12-31$1,643,311
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,004
Total interest from all sources2014-12-31$1,294
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$50,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$118,672
Participant contributions at end of year2014-12-31$37,578
Participant contributions at beginning of year2014-12-31$32,155
Administrative expenses (other) incurred2014-12-31$199
Total non interest bearing cash at end of year2014-12-31$212,711
Total non interest bearing cash at beginning of year2014-12-31$228,966
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$128,641
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,771,952
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,643,311
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 pooled separate accounts at end of year2014-12-31$1,479,976
Value of interest in pooled separate accounts at beginning of year2014-12-31$1,265,870
Interest on participant loans2014-12-31$1,294
Net gain/loss from 103.12 investment entities2014-12-31$56,092
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$254,398
Employer contributions (assets) at end of year2014-12-31$41,687
Employer contributions (assets) at beginning of year2014-12-31$116,320
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$300,811
Contract administrator fees2014-12-31$805
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 name2014-12-31GYL DECAUWER, LLP
Accountancy firm EIN2014-12-31330482495
2013 : US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$661,252
Total of all expenses incurred2013-12-31$132,506
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$130,923
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$500,523
Value of total assets at end of year2013-12-31$1,643,311
Value of total assets at beginning of year2013-12-31$1,114,565
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,583
Total interest from all sources2013-12-31$421
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$1,085
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$50,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$144,198
Participant contributions at end of year2013-12-31$32,155
Participant contributions at beginning of year2013-12-31$1,748
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$60,825
Administrative expenses (other) incurred2013-12-31$498
Total non interest bearing cash at end of year2013-12-31$228,966
Total non interest bearing cash at beginning of year2013-12-31$15,701
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$528,746
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,643,311
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,114,565
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$1,265,870
Value of interest in pooled separate accounts at beginning of year2013-12-31$763,677
Interest on participant loans2013-12-31$421
Net gain/loss from 103.12 investment entities2013-12-31$160,308
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$295,500
Employer contributions (assets) at end of year2013-12-31$116,320
Employer contributions (assets) at beginning of year2013-12-31$333,439
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$130,923
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31GYL DECAUWER, LLP
Accountancy firm EIN2013-12-31330482495

Form 5500 Responses for US BEST REPAIR SERVICE INC. RETIREMENT PLAN

2015: US BEST REPAIR SERVICE INC. RETIREMENT 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: US BEST REPAIR SERVICE INC. RETIREMENT 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
2013: US BEST REPAIR SERVICE INC. RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan 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 number100231
Policy instance 1
Insurance contract or identification number100231
Number of Individuals Covered67
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $12,195
Total amount of fees paid to insurance companyUSD $8,391
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $12,195
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Amount paid for insurance broker fees8391
Insurance broker nameALLIED CONSULTANTS, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number100231
Policy instance 1
Insurance contract or identification number100231
Number of Individuals Covered119
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $11,660
Total amount of fees paid to insurance companyUSD $6,526
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $11,660
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Amount paid for insurance broker fees6526
Insurance broker nameALLIED CONSULTANTS, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number100231
Policy instance 1
Insurance contract or identification number100231
Number of Individuals Covered116
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $10,161
Total amount of fees paid to insurance companyUSD $5,550
Commission paid to Insurance BrokerUSD $10,161
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?4
Amount paid for insurance broker fees5550
Insurance broker nameALLIED CONSULTANTS, INC.

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